Sapphire Fibres Ltd. sales rises 16% to Rs. 14 Billion

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  • 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

 

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%

 

Posted on: 2017-09-28T15:58:00+05:00

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