, , , ,

UntitledCity Pharmacy Group, the largest retail network in Papua New Guinea, this year, records healthy five year growth streak from 2009 to 2013.

According to the company’s five year financial summary for year ending 2013, CPL’s net profit margin (NPM) shows a gradual increase from 2009 to 2013.

In 2009, the company’s NPM was 3.55 %, and then it increased to 4.00% in 2010 then to 5.6 % and 5.32 % in 2011 and 2012 respectively. The company’s growth slightly decline in 2013 with the company recording a NPM of 4.14 % as graphically represented above.

Chairman Mahesh Patel attributes the slowdown to high commodity prices.

“2013 saw a slow down after the highs of 2012 due to LNG construction going full swing, national election, a buoyant market with good commodity prices” Patel says.

Despite the slowdown caused by high commodity prices, CPL successfully retained its market share. The company was able to protect its revenues whilst seeing a growth of 9 % from K357.21 million in 2012 to K388.72 million in 2013.

CPL’s stock traded strongly during 2012 resulting in 319 trades with a total of 1, 418, 615 shares trading for K2, 472, 241.