January 29, 2019 (MLN): Archroma Pakistan Limited’s (ARPL) quarterly profits (Rs.332.7 million) in 1QFY19 have expanded by 18.5% as compared to last year’s first quarter (Rs.280.7 million). The company has reported its EPS at Rs.975.
Although ARPL’s topline (Rs.4 billion) grew by nearly 36%, its cost of sale (Rs.2.9 billion) rose by a greater margin (37.5%), bringing down gross margin (28.2%) by 1 percent.
In addition to this, the overall expenses and finance cost mounted as well, yet Archroma steadily maintained a 12.5% rise in pre-tax profits (443.6 million).
Financial Results for the quarter ended December 31, 2018 ('000 Rupees) |
|||
---|---|---|---|
|
Dec-18 |
Dec-17 |
% Change |
Net sales |
4,068,609 |
2,998,201 |
35.70% |
Cost of goods sold |
(2,919,803) |
(2,123,498) |
37.50% |
Gross profit |
1,148,806 |
874,703 |
31.34% |
Distribution and marketing expenses |
(253,892) |
(220,517) |
15.13% |
Administrative expenses |
(128,031) |
(122,652) |
4.39% |
Other expenses |
(90,492) |
(44,515) |
103.28% |
Other income |
2,914 |
4,700 |
-38.00% |
operating Profit |
679,305 |
491,719 |
38.15% |
Finance cost |
(235,698) |
(97,449) |
141.87% |
Profit before taxation |
443,607 |
394,270 |
12.51% |
Taxation – net |
(110,933) |
(113,559) |
-2.31% |
Profit for the year |
332,674 |
280,711 |
18.51% |
Earnings per share – basic and diluted (Rupees) |
9.75 |
8.23 |
18.47% |
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