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
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.
| 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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