Agriauto Industries Limited profits fall by 16.49 percent to Rs. 442.177 million

By MG News | April 25, 2018 at 03:37 PM GMT+05:00

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Agriauto Industries Limited (AGTL) today announced financial results for the nine months ending 31 March, 2018 reporting Turnover at Rs. 4.539 billion; an increase of 3.83 percent. Furthermore, the company’s Gross Profit rose to Rs. 887.914 million from Rs. 853.640 million last year during the outgoing nine months.

On the expenses front, AGTL reported 9.39 percent increase in Administrative Expenses, 23.76 percent decrease in Finance Costs, whereas, other operating expenses incurred by the company clocked in at Rs. 54.336 million during the period.

Furthermore, AGTL also reported a 7.27 percent decrease in Other Income reaching Rs. 38.902 million during the nine months.

Agriauto Industries Limited reported profit after taxation at Rs. 442.177 million against Rs. 529.502 million during the same period last year translating into an EPS of Rs. 15.35 vs. an EPS of Rs. 18.39 during the nine months ending March, 2017.

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Nine Months Ended, March 31, 2018
Key Financials	2018	2017	% Change
	Amounts in PKR ‘000
Turnover - net	4,539,895	4,372,635	3.83%
Cost of Sales	3,651,981	3,518,995	3.78%
Gross Profit	887,914	853,640	4.02%
Distribution Cost	84,610	87,126	-2.89%
Administrative Expenses	156,302	142,891	9.39%
Operating Profit	647,002	623,623	3.75%
Other Operating Expenses	54,336	56,244	-3.39%
Other Income	38,902	135,411	-71.27%
Finance Cost	215	282	-23.76%
Profit before Taxation	631,353	702,508	-10.13%
Taxation	189,176	173,006	9.35%
Profit after Taxation	442,177	529,502	-16.49%
EPS - Basic and diluted	15.35	18.39	-16.53%

Company release on Earnings Report can be accessed here.

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