Siemens Pakistan announced its financial results for the nine months period ended June 30, 2017.
The company’s Net Sales and Services increased by 39 percent in the outgoing year, whereas Net Profit after Taxation for the period declined 74 percent in comparison to previous year.
The Company issued no Cash Dividend, Bonus Shares or Right Shares for the period.
Comparison of Key Financials:
For the Nine Month |
|||
Key Financials |
June30, 2017 |
June30, 2016 |
% Change |
Net Sales and Services |
9,557,561 |
6,873,397 |
39% |
Cost of Sales and Services |
8,190,356 |
6,482,222 |
26% |
Gross Profit |
1,367,205 |
391,175 |
250% |
Marketing and Selling Expenses |
626,405 |
553,690 |
13% |
General Administrative Expenses |
98,416 |
138,233 |
-29% |
Other Income |
6,397 |
21,072 |
-70% |
Other Operating Expenses |
53,427 |
– |
|
Net other operating (Expense)/Income |
47,030 |
21,072 |
123% |
Operating Profit/(loss) |
595,353 |
279,676 |
113% |
Financial Income |
124,656 |
64,986 |
92% |
Financial Expenses |
12,305 |
22,528 |
-45% |
Net Finance Income |
112,351 |
42,458 |
165% |
Profit/(loss) before Income Tax Expense and gain on Sale of Assets classified as held for Sale |
707,704 |
237,218 |
198% |
Income tax |
355,609 |
289,928 |
23% |
Net Profit/(loss) before gain on Sale of Assets classified as held for Sale |
352,095 |
527,146 |
-33% |
Gain on Sale of Assets classified as held of sale – Net of Income Tax |
– |
1,861,551 |
|
Net Profit/(loss) for the Period |
352,095 |
1,334,405 |
-74% |
Basic and Diluted Earnings/(loss) per share (Rs) |
42.69 |
162 |
-74% |
Rupees in ‘000
The complete statements can be accessed here.