Beta Glass PLC traces its history to 1974 and it is a Nigerian manufacturer of bottles and glassware products. Apart from the manufacturing of goods, Beta Glass PLC is also involved in the distribution and sale of an extensive portfolio of glass bottles and containers for several industries that produce products for everyday use, including:
- Soft Drinks
- Wine and Spirits
- Pharmaceuticals
- Cosmetics
What is Beta Glass PLC?
Beta Glass PLC has several manufacturing plants that are based in the Agbara Ogun and Ughelli Delta states in Nigeria. Beta Glass PLC’s distribution portfolio is spread across several countries including Mauritius, Angola, Burkina Faso, Sierra Leone, Liberia, Benin, and several others.
Beta Glass PLC's equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol BETAGLAS.
Today, Beta Glass PLC is based in Iddo, Nigeria and it has an executive leadership team that consists of Abimbola O. Ogunbanjo who is the non-executive chairman, Darren Bennett-Voci who is the Managing Director and Executive Director, and Shanker Dhanikonda as the Chief Financial Officer, amongst several other members.
Beta Glass PLC Performance
The current share price for Beta Glass PLC stocks is 52.95 NGN [2021/09/20] and the company has a total market capitalization of 26.5 billion NGN, with a P/E ratio of 4.88 NGN and earnings per share of 10.86 NGN, and a total of 500 million shares outstanding.
During an analysis that was done on the financial performance data for Beta Glass PLC, specifically for the second quarter of 2021 that ended June 30, Beta Glass PLC reported revenues of 7,580.57 million NGN.
Beta Glass PLC reported depreciation/amortization figures to the value of 50.73 million NGN, with a total operating expense of 5,589.35 million NGN. Beta Glass PLC’s operating income for the quarter was 1,991.21 million NGN.
The net income reported for the quarter was 1,295.75 million NGN after taxes. The diluted EPS excluding ExtraOrd items was 2.59 NGN, and the diluted normalized EPS was 2.52 NGN.
During a study of the analysis on the live chart for BETAGLAS stocks, the performance of shares was much lower for the past year to date. Unfortunately, this makes it increasingly difficult to forecast whether there will be improvements for Beta Glass PLC in the third quarter that ends in September.
The gross profits that Beta Glass PLC reported were 2,189.15 million NGN for the second quarter of 2021. These figures are down from 2,591.62 million NGN reported for March.
In addition to this, the total revenue that Beta Glass PLC achieved in the second quarter was 7,580.57 million NGN which is significantly lower than the 8,001.36 million NGN reported for March.
The operating income and net income that Beta Glass PLC reported for June was 1,991.21 million NGN and 1,295.75 million NGN, respectively.
These figures show decreases from that which was reported for the first quarter, with an operating income of 2,248.83 million NGN and a net income of 1,519.81 million NGN.
With much lower profits and revenue, the diluted EPS excluding ExtraOrd items was down to 2.59 NGN in June from 3.04 NGN in March, while diluted normalized EPS was down to 2.52 NGN in June as opposed to 2.97 NGN for March.
This means that shareholders who buy or sell shares expect lower dividends for this specific quarter, with the hopes that it would increase as the Nigerian economy strengthens.
Highlights of Beta Glass PLC in 2021
Beta Glass PLC started the year with a share price of 55.40 NGN, but it has since experienced a value loss of 4.42% since this initial price valuation. These figures have ranked Beta Glass PLC 109th on NGX where year-to-date performance is concerned.
However, Beta Glass PLC is the 111th most-traded stock on NGX. Over the past three months, BETAGLAS has achieved a trading volume of 485,844 shares, executed in 244 deals. These deals were to the value of 24.8 million NGN over the period and there was an average of 7,712 shares traded in each session.
BETAGLAS stocks experienced a trading volume high of 93,341 in August for the same three-month period, and the past ten days have shown trading volumes of between 10 to 50,000 stocks traded at a consistent price of 52.95 NGN.
How to buy Beta Glass PLC stocks Step-by-step
The stock market is one of the most attractive financial markets that sees millions of retail investors and traders' participation daily. To buy, sell or trade BETAGLAS stocks, traders and investors can follow these simple steps:
- Find the share that you want to purchase, in this case, “BETAGLAS”.
- Select a forex broker that offers access to the Nigerian Stock Exchange(NGX).
- Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading
- Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading
- Make your first share purchase through the broker.
- Build and diversify your portfolio when you buy more shares.
