Clydestone Ghana Limited (CLYD)’s performance has been remarkable over the years as shown in fig.1 below. From ¢1.7 billion in 2000, the company’s turnover increased by 164.7% to ¢4.5 billion during the 2001 financial year. The Company’s turnover again shot up further to ¢6.4 billion in 2002 representing a 42.2% appreciation. Again in 2003 CLYD’s turnover went up by 39.1% to ¢8.9 billion and as at the close of 2004, CLYD’s turnover stood at ¢12.8 billion, representing a 43.8% increase over the 2003 figure. In 2005 CLYD's turnover increased by 43.9% over the previous year to ¢18.5billion. 

Figure 1

Similarly, CLYD’s Profit After Tax (PAT) position had been encouraging over the years (see fig. 2 below). After registering losses during the 2000 and 2001 financial years, CLYD’s PAT made a turn around to register ¢0.4 billion in 2002 and followed with a better PAT performance of ¢0.67 billion during the 2003 financial year. The 2003 figure represented a 62.9% increase over that of the previous year. After listing on the GSE, CLYD put up a spectacular performance, justifying its listing, by registering a whooping 79% PAT appreciation to ¢1.2 billion during the 2004 financial year. This further increased by 35.9% to ¢1.6billion in 2005 over the previous year as seen in the figure below.

Figure 2

Six-year Group Earnings History and Ratio Analysis (¢’ billion)

Fiscal Year End: 31 December