Agritech Ltd. reports losses for 9MFY17 worth Rs. 2.9 billion

  • 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.

Posted on: 2017-10-27T11:41:00+05:00