0.5% increase in ICI’s overall profit for the year ending on June 30th 2018

05:19
July 30, 2018
MG

ICI Pakistan Limited (ICI) reported its financial earnings for the year ending on June 30^th 2018 to PSX, in its Board of Directors meeting held on July 27^th 2018.

The financial statement reported a YoY increase of 19.7% in turnover, while an increase of 11.4% in Gross profit, as compared to the year ending on June 30^th 2017.

Other charges increased by 87.2%, Finance Costs increased BY 67.7% while Exchange Costs increased majorly by 3191%.

Share of profit from an associate went down by 12.7% therefore the profit before taxation dropped by 10.5%. However, the company managed to reduce its tax payments by 43%, hence resulting in an overall increase of 0.5% in Profits after taxation.

Profit and Loss Account – For the Year Ended June 30th 2018 (Rs'000)

	June 30th, 2018	June 30th, 2017	% Change
Turnover	49,992,068	41,771,218	19.7%
Cost of sales	(41,060,075)	(33,755,435)	21.6%
Gross profit	8,931,993	8,015,783	11.4%
Selling and distribution expenses	(3,048,611)	(2,688,234)	13.4%
Administrative and general expenses	(1,281,172)	(1,141,127)	12.3%
Operating result	4,602,210	4,186,422	9.9%
Other charges	(326,091)	(174,168)	87.2%
Finance costs	(654,094)	(390,119)	67.7%
Exchange cost	(430,706)	(13,087)	3191.1%
	(1,410,891)	(577,374)	144.4%
Other income	156,355	115,040	35.9%
Share of Profit from an associate	585,968	670,869	-12.7%
Profit before taxation	3,933,642	4,394,957	-10.5%
Taxation	(635,988)	(1,114,848)	-43.0%
Profit after taxation	3,297,654	3,280,109	0.5%

Posted on: 2018-07-30T10:19:00+05:00

22380

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.40000	278.50000	278.50000	278.40000	03:02 PM
2	EUR	1.06477	1.06482	1.06482	1.06477	01:20 PM
3	GBP	1.24386	1.24393	1.24393	1.24386	01:20 PM
4	CHF	0.91168	0.91175	0.91175	0.91168	01:20 PM
5	JPY	154.62300	154.63900	154.63900	154.62300	01:20 PM
6	CAD	1.37748	1.37759	1.37759	1.37748	01:20 PM
7	AUD	0.64210	0.64214	0.64214	0.64210	01:20 PM
8	INR	83.59650	83.59750	83.59750	83.59650	01:19 PM
9	SAR	3.75110	3.75130	3.75130	3.75110	10:20 PM
10	AED	3.67250	3.67270	3.67270	3.67250	10:19 PM
11	HKD	7.83058	7.83118	7.83118	7.83058	01:20 PM
12	CNH	7.25136	7.25153	7.25153	7.25136	01:20 PM
13	CNY	7.23840	7.23930	7.23930	7.23840	11:51 PM
14	THB	36.77000	36.89100	36.89100	36.77000	01:20 PM
15	MYR	4.78950	4.79450	4.79450	4.78950	11:31 AM
16	IDR	16,199.90000	16,203.80000	16,203.80000	16,199.90000	01:20 PM
17	SGD	1.36222	1.36238	1.36238	1.36222	01:20 PM
18	NZD	0.59022	0.59031	0.59031	0.59022	01:20 PM
19	MXN	17.13450	17.13760	17.13755	17.13448	01:20 PM
20	TRY	32.52020	32.52440	32.52441	32.52023	01:20 PM
21	SEK	10.95940	10.96360	10.96365	10.95935	01:20 PM
22	ZAR	19.17010	19.18150	19.18145	19.17007	01:20 PM
23	NOK	11.04940	11.05340	11.05342	11.04938	01:20 PM
24	DKK	7.00674	7.00756	7.00756	7.00674	01:20 PM
25	ARS	869.74500	869.75500	869.75500	869.74500	01:20 PM
26	BDT	108.05800	111.43000	111.42956	108.05773	07:19 AM
27	BHD	0.37700	0.37705	0.37705	0.37700	05:38 PM
28	BRL	5.27190	5.27490	5.27490	5.27190	01:20 PM
29	KRW	1,380.80000	1,381.40000	1,381.40000	1,380.80000	01:20 PM
30	KWD	0.30807	0.30867	0.30867	0.30807	10:07 PM
31	LKR	297.95700	304.51400	304.51357	297.95723	07:19 AM
32	OMR	0.38494	0.38509	0.38509	0.38494	08:17 PM
33	QAR	3.64550	3.64850	3.64850	3.64550	10:20 PM
34	RUB	94.14000	94.16000	94.16000	94.14000	11:31 AM
35	AFN	71.00000	74.00000	74.00000	71.00000	12:30 PM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:42 AM
37	TMT	3.36000	3.65000	3.65000	3.36000	11:31 AM
38	MVR	15.25000	15.65000	15.65000	15.25000	11:30 AM
39	UZS	12,655.00000	12,705.00000	12,705.00000	12,655.00000	11:31 AM
40	PHP	57.29600	57.35500	57.35500	57.29600	01:20 PM
42	NGN	1,145.27000	1,146.27000	1,146.27000	1,145.27000	11:31 AM
43	KES	131.00000	133.00000	133.00000	131.00000	11:30 AM
44	AMD	394.07000	394.07000	394.07000	394.07000	08:07 AM
45	TWD	32.49800	32.49900	32.49900	32.49800	01:20 PM
46	XAU	2,385.08000	2,385.33000	2,385.33000	2,385.08000	01:20 PM
47	XAG	28.32120	28.32880	28.32880	28.32120	01:20 PM
48	XPT	943.25000	944.75000	944.75000	943.25000	10:20 PM
49	XPD	1,025.61000	1,032.49000	1,032.49150	1,025.60660	10:20 PM
2,120	VES	36.19820	36.28900	36.28895	36.19818	11:31 AM
2,212	UGX	3,766.45000	3,850.73000	3,850.72810	3,766.44660	07:19 AM
2,213	TZS	2,579.99000	2,580.01000	2,580.01500	2,579.98500	07:48 AM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	70,645.30	70,290.119	69,783.32	-43.199	-0.061	237,694,811.0	11,463,504,265.170	18/04/2024 04:13 PM
ALLSHR	46,417.10	46,207.855	45,927.10	-25.142	-0.054	440,121,509.0	24,355,862,169.420	18/04/2024 04:13 PM
KSE30	23,225.12	23,093.810	22,904.89	-26.776	-0.116	98,900,681.0	9,116,464,844.550	18/04/2024 04:13 PM
KMI30	118,354.77	117,354.600	116,464.95	-245.338	-0.209	149,225,217.0	8,668,512,964.260	18/04/2024 04:13 PM
KMIALLSHR	32,968.78	32,723.866	32,557.70	-28.234	-0.086	281,881,154.0	20,769,541,762.000	18/04/2024 04:13 PM
BKTi	17,793.43	17,582.049	17,476.13	-169.939	-0.957	18,567,387.0	2,410,715,151.990	18/04/2024 04:13 PM
OGTi	16,667.42	16,459.940	16,334.74	-2.499	-0.015	12,106,369.0	1,792,912,599.580	18/04/2024 04:13 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	63,685.0	64,390.0	61,005.0	2,555.00
BRENT CRUDE	EB	87.5	87.8	86.1	0.17
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-5.00
ROTTERDAM COAL MONTHLY	ET	120.0	120.0	119.1	-0.35
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	82.5	82.8	81.1	0.31
SUGAR #11 WORLD	SB	19.6	19.7	19.2	0.29

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