- Sapphire Fibres Limited sales for the period increased by rise for
- The company’s cost of sales for the period increased by 18.5 % out doing the Sales increase
- Despite increased sales, Gross Profit decreased by 11% due to a higher cost of Sales incurred during the period
The company’s profits were comparatively lower than the corresponding period last year, with a decrease of more than 19% in profits amounting to 1.10 billion at the year end. The company had to pay hefty taxes of 260 million during the period a net increase of 160%.
Comparison of Key Financials
|
Unconsolidated Profit and Loss Account – For the Year Ended |
|||
|
Key Financials |
2017 |
2016 |
% Change |
| Â |
Amounts in PKR |
||
|
Sales |
14,465,758,945 |
12,478,390,364 |
15.93% |
|
Cost of Sales |
13,491,724,210 |
11,388,671,684 |
18.47% |
|
Gross Profit |
974,034,735 |
1,089,718,680 |
-10.62% |
|
Dist: Cost |
463,270,990 |
379,138,764 |
22.19% |
|
Admin: Expenses |
302,998,941 |
269,453,034 |
12.45% |
|
Other Income |
1,855,690,252 |
1,633,722,398 |
13.59% |
|
Other Expenses |
127,521,211 |
148,411,522 |
-14.08% |
|
Profit from Operations |
1,935,933,845 |
1,926,437,758 |
0.49% |
|
Finance Cost |
536,736,909 |
424,439,095 |
26.46% |
|
Profit before Taxation |
1,399,196,936 |
1,501,998,663 |
-6.84% |
|
Taxation |
260,122,474 |
100,268,380 |
159.43% |
|
PAT |
1,139,074,462 |
1,401,730,283 |
-18.74% |
|
EPS – Basic and Diluted |
57.86 |
71.20 |
-18.74% |
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