Agriautos' annual profits surge by 28.7%

Financial Results for the Year Ended June 30th 2018 ('000 Rupees)

Jun-18

Jun-17

% Change

Turnover - net

                       8,315,021

                       7,115,296

16.86%

Cost of sales

                     (6,722,821)

                     (5,697,055)

18.01%

Gross profit

                       1,592,200

                       1,418,241

12.27%

Distribution cost

                        (127,153)

                        (128,368)

-0.95%

Administrative expenses

                        (225,983)

                        (207,871)

8.71%

Operating profit

                       1,239,064

                       1,082,002

14.52%

Other expenses

                        (101,376)

                           (94,891)

6.83%

Other income

                             70,665

                             46,778

51.06%

Finance cost

                                 (597)

                                 (522)

14.37%

Profit before taxation

                       1,207,756

                       1,033,367

16.88%

Taxation

                        (248,039)

                        (287,738)

-13.80%

Profit after taxation

                           959,717

                           745,629

28.71%

Earnings per share - basic and diluted (Rupees)

                               33.32

                               25.89

28.70%