Profile

MissionManagementFinancial summary groupCertifications

Our Mission

The wealth of our group, from manpower and equipment, is made up of history, ideas, creativity, and determination. The determination to build in a better environment and Ensure progress and prosperity of Nigeria. Our aim is to deliver the highest quality with an unmistakable style using the latest technology. Our area of interest is focused on residential and commercial buildings. We are able to administer various projects, thanks to our staff of engineers, surveyors and highly qualified technicians working closely with the rest of our employees. Today the company has its own list of completed projects at a large variety of buildings spanning nationwide.
This allows us to study the market and the future from the position of strength and optimism. It makes us aware of the quality and allows us to control the complete production process from start to finish.

The Company Management

Secretary

Marina Nominees Limited

Solicitors

Olajide Oyewole & Co.

Registrars / Transfer Office

African Prudential Registrars Plc.
220B Ikorodu Road, Palmgrove – Lagos.

Auditors

Goldwyns (Chartered Accountants)
Plot 9 block 137 Gabriel Olusanya Street
off White Sands School Road, by elf Summer,
Lekki Phase 1 Lekki, Lagos.

Bankers

Citibank Nigeria Limited
Diamond Bank Plc.
First City Monument Bank Plc.
Guaranty Trust Bank Plc.
Sterling Bank for Africa Plc.
United Bank for Africa Plc.
Zenith Bank Plc.

  2017 2016 2015 2014 2013
N’000 N’000 N’000 N’000 N’000


Assets / (Liabilities)

Total Assets – Net 11,206,168 8,113,752 7,408,125 5,979,313 4,776,568
Property, plant and equipment 1,906,716 1,689,225 2,125,225 1,907,170 1,149,983
Financial instruments 7,938 6,993 15,889 16,210 20,716
Other long term investments & Assets - 247,775 239,408 186,294 192,409
Working capital net assets 10,392,538 6,523,802 5,634,667 4,270,423 3,971,004
Deferred taxation (1,101,025) (354,043) (607,065) (400,784) (292,946)
Staff benefits - - - - (264,598)


Capital and Reserves

Shareholders’ funds 11,206,168 8,113,752 7,408,125 5,979,313 4,776,568
Issued and Paid-Up capital 123,047 123,047 98,438 98,438 98,438
General Reserves 240,972 240,972 241,073 241,073 22,084
Other equity reserves 69,585 (4,346) 4,938 8,469 13,317
Revenue reserve 10,772,564 7,754,079 7,063,676 5,631,333 4,642,729


Revenue and Profits

Profits after taxation 3,338,407 970,951 1,668,592 1,155,948 690,018
Revenue 22,478,694 24,806,724 24,810,417 17,787,283 11,882,039
Operating Profits before tax 4,702,961 1,329,687 2,367,750 1,682,716 905,867
Taxation 1,364,554 358,736 699,158 (526,768) (215,849)

Cashflows
Net cashflows from operating activities 710,145 3,468,226 1,633,556 6,424,612 320,776
Net cashflows from investing activities 160,430 180,001 (205,511) (627,662) 87,567
Net cashflows from financing activities (352,142) (401,034) (298,681) (488,599) (474,064)

Key Financial Information
Per =N=0.50K share
Earnings 1,357 395 848 587 350
Dividend (kobo) - - - - 40
Dividend cover (times) - - - - 4.9
Net assets 4,554 3,297 3,763 3,037 2,426

 

Earnings per share are calculated based on profit after taxation and the number of issued and fully paid ordinary shares at the end of each financial year.

Net assets per share are based on the net assets and the number of issued and fully paid ordinary shares at the end of each financial year.

 

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Certifications

The management of Cappa and D’Alberto has always been strong believers in collective bargaining as a level playing field and a better condition for the industry. In 1954 we were among the foundation members of the FOBACEC (Federation of Building and Civil Engineering Contractors in Nigeria) which later became FOCI (Federation of Construction Industry). Our company remains a very active and committed member of FOCI. In line with this, our company was also a pioneer in the establishment of the workers union. NUCCEW (National Union of Construction and Civil Engineering Workers) was formed. We continue to enjoy a good working relationship with the Union that represents the vast majority of our workers.