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Aisha Steel Ltd. profits rise 45.66% to Rs. 801.399 million

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ASL today released financial statements for the period ending December 31st, 2017. The company reported a revenue of Rs. 9.510 billion against Rs. 6.393 billion last year. Furthermore, company’s Gross Margins also jumped 147.98% during the last year.

Company reported a negligent rise in administrative and selling cost during the period improving its bottom line profits.

Despite a marked increase in company’s taxes by 612.68%, Aisha Steel Mills profits during the period under review jumped by 45.66% to clock in at Rs, 801.399 million versus Rs. 550.181 million. Company management reported a diluted EPS of 0.96 during the period.

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Half Year Ended, December 30th 2017

Key Financials

2017

2016

% Change

 

Amounts in PKR ‘000

Revenue

9,510,315

6,393,922

48.74%

Cost of Sales

7,667,747

5,650,886

35.69%

Gross Profit

1,842,568

743,036

147.98%

Selling and Distribution Cost

8,348

8,666

-3.67%

Administrative Expenses

89,379

85,033

5.11%

Other Expenses

87,350

12,368

606.26%

Other Income

16,785

17,180

-2.30%

Profit from Operations

1,674,276

654,149

155.95%

Finance Cost

495,689

488,774

1.41%

Profit before Taxation

1,178,587

165,375

612.68%

Taxation

377,188

384,806

-1.98%

Profit for the period

801,399

550,181

45.66%

Other Comprehensive Income

 

EPS – Basic

0.98

1.34

-26.87%

EPS – Diluted

0.96

0.74

29.73%

Company release on Earnings Report can be accessed here.

Posted on: 2018-02-12T18:48:00+05:00