The company’s Sales increased by 133percent in the outgoing year, whereas the loss for the period also increased 182percent in comparison to previous year.
Comparison of Key Financials:
For the Half Year Ended |
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Key Financials |
30th June, 2017 |
30th June, 2016 |
% Change |
Sales |
2,520,039,306.00 |
1,080,039,303.00 |
133% |
Cost of Sales |
2,489,503,975.00 |
987,454,686.00 |
152% |
Gross Profit |
30,535,331.00 |
92,584,617.00 |
-67% |
Marketing and Distribution Expense |
913,043,552.00 |
565,880,231.00 |
61% |
Administrative Expense |
213,367,206.00 |
99,076,455.00 |
115% |
Loss from Operations |
-1,101,208,323.00 |
-586,313,782.00 |
88% |
Finance Cost |
178,299,262.00 |
62,004,497.00 |
188% |
Loss for the Period |
-1,226,911,573.00 |
-435,139,625.00 |
182% |
Loss per share – basic and diluted |
-9.29 |
-4.91 |
89% |
The Company issued no Cash Dividend, Bonus Shares for the period.
However, it has recommended to issue 300% right shares at the price of Rs. 10/-per share in the proportion of 300 ordinary shares for every 100 Ordinary or 100 Non-Voting Ordinary Shares for the above mentioned period.
- The purpose of the issue is Business Expansion/Diversification and Working Capital Requirements
- The proceeds from Right Issue will be utilized for expansion of sales and distribution network; increasing media spend for enhanced brand equity, improvement of Raw Milk procurement System, research and development of new products and working capital.
- 396,305,394 Voting Ordinary Shares (300% of existing paid-up capital of the Company) be offered by the way of right shares to the holders of Voting Ordinary Shares and Non-Voting Ordinary Shares in equal proportion to their respective existing holdings.
- The risk associated is of Investment.
The complete statements can be accessed here.