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.