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

MG News | February 12, 2018 at 06:48 PM GMT+05:00

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ASL today released financial statements for the period ending December 31^st, 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 30^th 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.

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