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

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.

Posted on: 2018-04-25T15:37:00+05:00