Al-Abbas Sugar Mills performs exceptionally as its profits scale up by 800%

09:36
December 20, 2018
MG

December 20, 2018 (MLN): Al-Abbas Sugar Mills Limited (AABS) has successfully scaled up its bottom-line earnings by 804%, as compared to the last year ended on September 30. The company has reported an overall profit of Rs.1.2 billion, while its EPS is noted at Rs.74.52 per share, exhibiting a growth of 795%.

The financial earnings report of the company shows that it earned considerably higher net revenue over the year, and reported gross profits Rs.2 billion i.e. 262% more than last year.

The company’s performance has shown remarkable performance as major expense heads like Finance cost and Administrative expenses showed a downward trend.

Profit and loss account for the year ended September 30th 2018 (Rupees’000)
	Sep-18	Sep-17	% Change
Sales – net	7,494,077	5,327,415	40.67%
Cost of sales	-5,420,785	-4,755,694	13.99%
Gross profit	2,073,292	571,721	262.64%
Profit from other reportable segments -net	53,018	48,526	9.26%
Distribution cost	-503,581	-195,239	157.93%
Administrative expenses	-106,043	-112,693	-5.90%
Other operating expenses	-100,940	-10,689	844.34%
Finance cost	-64,081	-112,389	-42.98%
Other income	19,014	17,711	7.36%
Profit before taxation	1,370,679	206,948	562.33%
Taxation	-76,899	-63,972	20.21%
Profit after taxation	1,293,780	142,976	804.89%
Earnings per share	74.52	8.32	795.67%

Copyright Mettis Link News

Posted on: 2018-12-20T14:36:00+05:00

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PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.60000	278.80000	278.80000	278.60000	01:02 PM
2	EUR	1.06958	1.06964	1.06964	1.06958	04:25 PM
3	GBP	1.24948	1.24958	1.24958	1.24948	04:25 PM
4	CHF	0.91396	0.91402	0.91402	0.91396	04:25 PM
5	JPY	157.88400	157.89900	157.89900	157.88400	04:25 PM
6	CAD	1.36655	1.36668	1.36668	1.36655	04:25 PM
7	AUD	0.65332	0.65335	0.65335	0.65332	04:25 PM
8	INR	83.41030	83.41080	83.41080	83.41030	04:25 PM
9	SAR	3.75050	3.75070	3.75070	3.75050	01:25 AM
10	AED	3.67280	3.67310	3.67310	3.67280	01:25 AM
11	HKD	7.82790	7.82800	7.82800	7.82790	04:25 PM
12	CNH	7.26910	7.26918	7.26918	7.26910	04:25 PM
13	CNY	7.24640	7.24650	7.24650	7.24640	09:11 PM
14	THB	36.99000	37.01000	37.01000	36.99000	04:25 PM
15	MYR	4.76500	4.77000	4.77000	4.76500	04:58 AM
16	IDR	16,232.90000	16,249.90000	16,249.90000	16,232.90000	04:25 PM
17	SGD	1.36218	1.36235	1.36235	1.36218	04:25 PM
18	NZD	0.59406	0.59412	0.59412	0.59406	04:25 PM
19	MXN	17.14190	17.17190	17.17190	17.14190	04:25 PM
20	TRY	32.46940	32.47940	32.47940	32.46940	04:25 PM
21	SEK	10.94390	10.94840	10.94843	10.94394	04:25 PM
22	ZAR	18.81080	18.82070	18.82068	18.81078	04:25 PM
23	NOK	11.03040	11.03550	11.03545	11.03040	04:25 PM
24	DKK	6.97169	6.97264	6.97264	6.97169	04:25 PM
25	ARS	874.74600	874.75600	874.75600	874.74600	04:25 PM
26	BDT	108.01100	111.36500	111.36523	108.01142	07:19 AM
27	BHD	0.37698	0.37713	0.37713	0.37698	06:54 PM
28	BRL	5.11500	5.11800	5.11800	5.11500	04:25 PM
29	KRW	1,376.57000	1,378.02000	1,378.02000	1,376.57000	04:25 PM
30	KWD	0.30808	0.30818	0.30818	0.30808	01:03 AM
31	LKR	292.57900	299.10100	299.10051	292.57908	07:19 AM
32	OMR	0.38494	0.38509	0.38509	0.38494	06:55 PM
33	QAR	3.64600	3.64800	3.64800	3.64600	01:24 AM
34	RUB	92.27000	92.29000	92.29000	92.27000	08:00 PM
35	AFN	71.15810	73.02130	73.02133	71.15807	07:19 AM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:54 AM
37	TMT	3.35000	3.65000	3.65000	3.35000	08:00 PM
38	MVR	15.26000	15.66000	15.66000	15.26000	08:00 PM
39	UZS	12,600.10000	12,665.30000	12,665.30340	12,600.09037	07:19 AM
40	PHP	57.64000	57.76600	57.76600	57.64000	04:24 PM
42	NGN	1,305.72000	1,306.72000	1,306.72000	1,305.72000	07:26 AM
43	KES	134.00000	136.00000	136.00000	134.00000	08:19 AM
44	AMD	388.08000	388.08000	388.08000	388.08000	08:16 AM
45	TWD	32.58450	32.61450	32.61450	32.58450	04:25 PM
46	XAU	2,338.69000	2,339.08000	2,339.08000	2,338.69000	04:24 PM
47	XAG	27.20820	27.22030	27.22030	27.20820	04:24 PM
48	XPT	915.20000	916.70000	916.70000	915.20000	01:25 AM
49	XPD	954.32800	961.21200	961.21010	954.33080	01:24 AM
2,120	VES	36.33200	36.42320	36.42315	36.33204	08:00 PM
2,212	UGX	3,770.25000	3,854.09000	3,854.09049	3,770.24515	07:19 AM
2,213	TZS	2,589.99000	2,590.01000	2,590.01500	2,589.98500	06:47 AM

Data is delayed by 20 minutes

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Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	72,862.41	72,742.748	71,764.18	771.347	1.072	302,352,233.0	14,307,377,262.460	26/04/2024 05:12 PM
ALLSHR	47,721.89	47,489.465	47,040.09	314.510	0.667	540,778,150.0	22,562,380,076.020	26/04/2024 05:12 PM
KSE30	24,069.72	24,033.869	23,676.59	284.824	1.199	79,764,833.0	9,454,683,795.040	26/04/2024 05:12 PM
KMI30	122,624.63	122,414.850	120,539.93	1,511.894	1.251	130,473,781.0	8,715,975,575.960	26/04/2024 05:12 PM
KMIALLSHR	34,120.82	34,003.274	33,623.23	303.834	0.902	336,036,323.0	17,261,793,362.150	26/04/2024 05:12 PM
BKTi	18,098.00	18,061.700	17,783.46	189.341	1.059	12,829,416.0	1,502,941,695.300	26/04/2024 05:12 PM
OGTi	17,165.47	17,018.023	16,915.39	-13.038	-0.077	13,158,963.0	1,843,356,910.500	26/04/2024 05:12 PM

Data is delayed by 20 minutes

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Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	64,410.0	65,395.0	63,775.0	-860.00
BRENT CRUDE	EB	89.3	89.8	88.8	0.33
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-1.25
ROTTERDAM COAL MONTHLY	ET	117.5	117.5	117.5	-1.05
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	83.7	84.5	83.4	0.11
SUGAR #11 WORLD	SB	19.1	19.6	19.0	-0.04

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