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

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)