Agriauto Industries reports slight change in net profits for 1HFY19
MG News | February 26, 2019 at 11:15 AM GMT+05:00
February 26, 2019 (MLN): Agriauto Industries Limited’s profits for 1HFY19 have clocked in at Rs. 499 million, depicting slight change of 1.5% from last year’s results. The company’s EPS stood at Rs. 17.36.
The company’s sales revenue and cost of sales increased by almost the same amount i.e. Rs. 9 million, causing almost no change in the gross and operating profits.
Moreover, the profits for the second quarter were stated at Rs. 287 million (EPS: 10).
The Company also announced an Interim Cash Dividend at Rs. 3 per share i.e. 60%.
| Profit and loss account for the six months ended December 31 2018 (Rupees'000) | |||
|---|---|---|---|
|
| Dec-18 | Dec-17 | % Change |
| Net turnover | 4,936,709 | 3,991,913 | 23.67% |
| Cost of sales | -4,114,762 | -3,182,198 | 29.31% |
| Gross profit | 821,947 | 809,715 | 1.51% |
| Distribution costs | -68,219 | -58,344 | 16.93% |
| Administration expenses | -117,034 | -115,350 | 1.46% |
| Operating profit | 636,694 | 636,021 | 0.11% |
| Other expenses | -52,852 | -52,961 | -0.21% |
| Other income | 30,403 | 30,640 | -0.77% |
| Finance costs | -303 | -207 | 46.38% |
| Profit before taxation | 613,942 | 613,493 | 0.07% |
| Taxation | -114,056 | -121,276 | -5.95% |
| Profit after taxation | 499,886 | 492,217 | 1.56% |
| Basic and diluted earnings per share | 17.36 | 17.09 | 1.58% |
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