The other operating expenses of the company increased 3306 percent in the last year.
The Company issued a Cash Dividend of Rs. 0.10 i.e. 1%, Nil Bonus Shares and Nil Right Shares.
In other pertinent information, Fauji Fertilizer Bin Qasim Limited being sponsor will subscribe to 100% of right shares offered by Fauji Foods Limited (FFL) and any renounced share if offered. The total investment is up to Rs 2,042,500,000/-. Sponsor collateral support in arranging Working Capital facilities for Fauji Meat Limited up to PKR 1.5 Billion
Comparison of Key Financials:
For the Half Year Ended |
|||
Key Financials |
June 30, 2017 |
June 30, 2016 |
% Change |
Sales – Net |
15,554,528 |
11,873,283 |
31% |
Cost of Sales |
15,265,543 |
12,209,964 |
25% |
Gross Profit/(Loss) |
288,985 |
336,681 |
-14% |
Selling and distribution expenses |
2,024,286 |
1,610,219 |
26% |
Administrative Expenses |
711,984 |
714,151 |
0% |
Finance Costs |
921,957 |
952,139 |
-3% |
Other operating expenses |
46,256 |
1,358 |
3306% |
Other income |
2,946,465 |
2,468,796 |
19% |
Loss before Taxation |
-469,033 |
-1,145,752 |
-59% |
Taxation |
84,750 |
250,965 |
-66% |
Loss after Taxation |
-384,283 |
-849,787 |
-55% |
Loss per share – basic and diluted (Rupees) |
-0.27 |
-0.96 |
|
Rupees in ‘000
The complete statements can be accessed here.