Earnings Report: Singer Pakistan (PSX: SING) today reported Financial Results for the Three and Six months ended June 30, 2017

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Singer Pakistan announced Financial Results for the period ended June 30, 2017.

The company’s Sales for the period increased by 38.29 percent in the outgoing year, whereas the company went ahead and erased previous HY losses to make a profit of 65 Million PKR.

The board did not recommend any Cash Dividend, no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Six Months Ended
Key Financials Jan – June, 2017 Jan – Jun, 2016 % Change
Amounts in PKR ‘000
Sales 1,264,478 914,383 38.29%
Sales tax and discount 209,342 122,874 70.37%
Cost of Sales 658,873 579,273 13.74%
Gross Margin 396,263 212,236 86.71%
Marketing, selling and dist: expenses 237,144 214,241 10.69%
Admin: Expenses 22,746 38,229 -40.50%
Other Expenses 16,158 2,218 628.49%
Other income 36,803 19,247 91.21%
Earned carrying charges 34,712 73,707 -52.91%
Finance Cost 82,808 67,967 21.84%
Profit/(loss) before Taxation 108,922 (17,465)
Taxation 43,318 670
Profit/(loss) for the year 65,604 (16,795)
EPS – Basic  & Diluted 1.44 (0.73)

Company release on Earnings Report can be accessed here.

Posted on: 2017-08-30T13:55:00+05:00

Data is delayed by 20 minutes

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