AGP Ltd's profits increase slightly by 9.8%

News Image

MG News | August 06, 2019 at 11:44 AM GMT+05:00

0:00

August 6, 2019 (MLN): AGP Limited has announced its financial results for the year ended on June 30th 2019 as per which the company has reported its profits after tax increased by 9.85% to Rs 743 million with earnings per share (EPS) recorded at Rs 2.65 compared to last year profits of Rs 676.5 million (EPS: Rs 2.42).

The increase in profits are mainly attributable to rise in top-line earnings as it rose by 10.2% to Rs 3.15 billiion from Rs2.8 billion. However, the company also witnessed an increase in its overall expenses but the company managed to earn profits on the back of higher revenues.

During the period, company’s administrative and marketing expenses surged by 48% and 14% respectively while other expenses increased by 26.6%. In addition, finance cost also increased by 13.8%.

Moreover, the Board of Directors of the company announced an interim Cash dividend of Rs 1.25 per share i.e. 12.5% for the aforesaid period.

Profit and Loss Account for the Half Year Ended on June 30th 2019 ('000 Rupees)

 

Jun-19

Jun-18

%Change

Revenue-net

 3,159,327

 2,866,290

10.22%

Cost of Sales

 (1,322,628)

 (1,285,495)

2.89%

Gross profit

 1,836,699

 1,580,795

16.19%

Administrative expenses

 (76,537)

 (51,682)

48.09%

Marketing and selling expenses

 (642,611)

 (563,114)

14.12%

Other expenses

 (99,620)

 (78,688)

26.60%

Other income

 4,097

 8,246

-50.32%

Operating profit

 1,022,028

 895,557

14.12%

Finance costs

 (107,191)

 (94,183)

13.81%

Profit before taxation

 914,837

 801,374

14.16%

Taxation

 (171,742)

 (124,891)

37.51%

Net profit for the period

 743,095

 676,483

9.85%

Earnings per share (EPS) – basic

 2.65

 2.42

9.50%

 

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,597.36
256.32M
-0.05%
-68.14
ALLSHR 85,286.16
608.38M
-0.48%
-413.35
KSE30 42,340.81
77.13M
-0.03%
-12.33
KMI30 193,554.51
76.19M
-0.83%
-1627.52
KMIALLSHR 55,946.05
305.11M
-0.79%
-443.10
BKTi 38,197.97
16.53M
-0.59%
-225.01
OGTi 27,457.35
6.73M
-0.94%
-260.91
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,670.00 121,165.00
117,035.00
-1620.00
-1.36%
BRENT CRUDE 69.23 70.77
69.14
-0.29
-0.42%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.03 67.54
65.93
-0.20
-0.30%
SUGAR #11 WORLD 16.79 17.02
16.71
0.05
0.30%

Chart of the Day


Latest News
July 18, 2025 at 07:21 PM GMT+05:00

Pakistan strengthens UK trade links


July 18, 2025 at 05:36 PM GMT+05:00

Pakistan, China set to advance agricultural innovation


July 18, 2025 at 05:10 PM GMT+05:00

PSX Closing Bell: Riding High, Ending Low



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg