Agritech Ltd. sales – net for the period decreased by 43.03%, amounting to a total of 3.14 billion Rupees during the nine months ended September, 30th 2017
The loss after tax for the period reached 2.97 billion against last year’s nine month losses of Rs. 1.03 billion
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Nine Months Ended, September 30th 2017
Key Financials
2017
2016
% Change
Amounts in PKR
Sales – net
3,145,633,401
5,521,280,019
-43.03%
Cost of Sales
4,190,463,468
4,650,661,916
-9.90%
Gross Profit/(Loss)
(1,044,830,067)
870,618,103
Selling and distribution expenses
225,024,637
267,588,399
-15.91%
Administrative and general expenses
214,512,940
350,542,255
-38.81%
Other income – net
9,589,092
19,997,950
-52.05%
Operating Profit/(loss)
(1,474,778,552)
272,485,399
Finance cost
1,562,331,490
1,654,420,896
-5.57%
Loss before Taxation
(3,037,110,042)
(1,381,935,497)
Taxation
64,229,038
351,800,123
-81.74%
Loss after Taxation
(2,972,881,004)
(1,030,135,374)
Loss per share – basic and diluted
(7.91)
(2.93)
Company release on Earnings Report can be accessed here.
