- Nishat Chunian sales increased by 21.33%, amounting to a total of 8.36 billion Rupees during the quarter ended September, 30th 2017
- Gross Profit decreased by 33.22% to a total of 531 million owing to an increase of 28.45% in Cost of Sales
- Company’s other operating income witnessed a decline of 95% during the reported period
- The company reported losses worth 95 million, against profit of Rs 564 million from same period last year
- Earnings per share fell to -0.4 rupees in the last quarter vs 2.35 rupees in same period during 2016
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Three Months Ended, September 30th 2017 |
|||
Key Financials |
2017 |
2016 |
% Change |
Amounts in PKR |
|||
Sales |
8,368,040,197 |
6,896,728,008 |
21.33% |
Cost of Sales |
7,836,853,880 |
6,101,276,061 |
28.45% |
Gross Profit |
531,186,317 |
795,451,947 |
-33.22% |
Distribution Cost |
201,774,738 |
185,506,098 |
8.77% |
Administrative Expenses |
53,063,232 |
44,694,973 |
18.72% |
Other Operating Expenses |
5,284,489 |
35,243,724 |
-85.01% |
Other operating Income |
18,963,371 |
364,890,844 |
-94.80% |
Profit from Operations |
290,027,229 |
894,897,996 |
-67.59% |
Finance Cost |
307,723,849 |
226,756,033 |
35.71% |
Profit before Taxation |
(17,696,620) |
668,141,963 |
|
Taxation |
77,442,726 |
103,444,182 |
-25.14% |
Profit after Taxation |
(95,139,346) |
564,697,781 |
|
EPS – Basic and diluted |
(0.40) |
2.35 |
|
Company release on Earnings Report can be accessed here.