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HomeEquityAisha Steel Limited profits rise by 13.85 percent to Rs. 1.106 billion

Aisha Steel Limited profits rise by 13.85 percent to Rs. 1.106 billion

Aisha Steel Limited (ASL) today announced financial results for the nine months period ending 31 March, 2018 reporting Sales at Rs. 14.531 billion; up 33.20 percent from same period last year. Furthermore, the company’s Gross Profit rose to Rs. 2.654 billion from Rs. 1.678 billion last year during the outgoing nine months.

On the expenses front, ASL reported 1.70 percent increase in Selling and Administration Expenses, 5.69 percent increase in Administrative Expenses, whereas, Other Expenses incurred by the company went up by 127.82 percent during the period.

Furthermore, ASL also reported a 89.65 percent increase in Other Income reaching Rs. 30.410 million during the nine months.

Aisha Steel Limited reported profit after taxation at Rs. 1.106 billion against Rs. 971.645 million during the same period last year translating into an EPS of Rs. 1.36 vs. an EPS of Rs. 2.05 during the nine months ending March, 2017. 

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Nine Months Ended, March 30th 2018

Key Financials

March, 2018

March, 2017

% Change

 

Amounts in PKR’ 000

Revenue

14,351,495

10,774,482

33.20%

Cost of Sales

11,696,605

9,095,757

28.59%

Gross Profit

2,654,890

1,678,725

58.15%

Selling and Administration Expenses

13,611

13,383

1.70%

Administrative Expenses

143,977

136,227

5.69%

Other Expenses

121,867

53,492

127.82%

Other Income

30,410

16,035

89.65%

Profit from Operations

2,405,845

1,491,658

61.29%

Finance Costs

778,179

715,769

8.72%

Profit before Taxation

1,627,666

775,889

109.78%

Taxation

521,481

195,756

166.39%

Profit after Taxation

1,106,185

971,645

13.85%

EPS – Basic

1.36

2.05

-33.66%

EPS – Diluted

1.33

1.32

0.76%

Company release on Earnings Report can be accessed here.

Posted on: 2018-04-27T15:24:00+05:00
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