Aisha Steel Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Revenue for the period increased by 46.10 percent in the outgoing year, whereas the company made profits after suffering losses during the last period.
The board has not recommended any Cash Dividend for the year ended June 30, 2017. The board issued no bonus or right shares.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Year Ended |
|||
Key Financials |
2017 |
2016 |
% Change |
Amounts in PKR ‘000 |
|||
Revenue |
14,075,876 |
9,634,297 |
46.10% |
Cost of Sales |
11,988,484 |
8,654,034 |
38.53% |
Gross Profit |
2,087,392 |
980,263 |
112.94% |
Selling & Dist: Costs |
19,386 |
19,640 |
-1.29% |
Admin: Expenses |
187,933 |
156,624 |
19.99% |
Other Expenses |
65,382 |
– |
|
Other Income |
16,127 |
24,760 |
-34.87% |
Profit from Operations |
1,830,818 |
828,759 |
120.91% |
Finance Cost |
948,642 |
1,020,580 |
-7.05% |
Profit/(Loss) before Taxation |
882,176 |
(191,821) |
|
Taxation |
137,973 |
36,930 |
273.61% |
Profit/(loss) for the year |
1,020,149 |
(154,891) |
|
Other Compre: Income |
(4,975) |
(2,057) |
|
Total Compre: Income/(loss) |
1,015,174 |
(156,948) |
|
Earnings/(Loss) per Share – Basic |
1.74 |
(1.35) |
|
Earnings/(Loss) per Share – Diluted |
1.31 |
– |
|
Company release on Earnings Report can be accessed here.