Al-Ghazi Tractors’ Profits for the half year ending on June 30th 2018 goes up by 16 percent: Earnings Report

04:34
August 1, 2018
MG

Al-Ghazi Tractors Limited released a summary of their Board of Directors meeting, held on July 31^st 2018 in which the company discussed its financial earnings for the Year ending on June 30^th 2018.

In the report to PSX, as compared to the Year Ending on June 30^th 2017, Al-Ghazi tractors witnessed an increase of 32.5% in Sales and an increase of 18.5% in Gross Profits.

Other income of the company reduced significantly by 55%, while there was a major increase of 1030% in the Finance Cost.

The Company’s total Tax Payments went up by 13.7%.

There was an overall increment of 16.3% in Profit after Taxation for the period under consideration.

Earnings per share also increased by 16.3% as they increased from Rs.27.5 per share to Rs.31.99 per share.

Profit and Loss Account for the Half Year Ended June 30,2018 (Rupees '000)
	2018	2017	% Change
Sales	12,613,972	9,517,817	32.5%
Cost of goods sold	(9,322,950)	(6,739,957)	38.3%
Gross Profit	3,291,022	2,777,860	18.5%
Distribution cost	(153,436)	(123,134)	24.6%
Administrative expenses	(165,465)	(131,155)	26.2%
	2,972,121	2,523,571
Other income	35,049	78,093	-55.1%
Other operating expenses	(207,330)	(179,490)	15.5%
	2,799,840	2,422,174
Finance cost	(4,363)	(386)	1030.3%
Profit before taxation	2,795,477	2,421,788	15.4%
Taxation
– Current	(810,970)	(724,226)	12.0%
– Prior Year	(136,812)	(93,478)	46.4%
– Deferred	6,727	(9,863)	-168.2%
	(941,055)	(827,567)	13.7%
Profit after taxation	1,854,422	1,594,221	16.3%
Earnings per share – Basic and diluted (Rupees)	31.99	27.50	16.3%

Posted on: 2018-08-01T09:34:00+05:00

22424

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.30000	278.55000	278.55000	278.30000	11:11 AM
2	EUR	1.06383	1.06385	1.06385	1.06383	02:12 AM
3	GBP	1.24183	1.24187	1.24187	1.24183	02:12 AM
4	CHF	0.90895	0.90910	0.90910	0.90895	02:12 AM
5	JPY	154.35400	154.36800	154.36800	154.35400	02:12 AM
6	CAD	1.37796	1.37809	1.37809	1.37796	02:12 AM
7	AUD	0.64029	0.64035	0.64035	0.64029	02:12 AM
8	INR	83.51460	83.51570	83.51570	83.51460	02:12 AM
9	SAR	3.75110	3.75130	3.75130	3.75110	11:12 AM
10	AED	3.67220	3.67330	3.67330	3.67220	11:11 AM
11	HKD	7.83064	7.83098	7.83098	7.83064	02:12 AM
12	CNH	7.25155	7.25170	7.25170	7.25155	02:12 AM
13	CNY	7.23820	7.23920	7.23920	7.23820	11:17 PM
14	THB	36.87800	36.89100	36.89100	36.87800	02:12 AM
15	MYR	4.78050	4.78550	4.78550	4.78050	01:08 AM
16	IDR	16,273.00000	16,287.00000	16,287.00000	16,273.00000	02:12 AM
17	SGD	1.36279	1.36293	1.36293	1.36279	02:12 AM
18	NZD	0.58840	0.58847	0.58847	0.58840	02:12 AM
19	MXN	17.33130	17.34160	17.34156	17.33132	02:12 AM
20	TRY	32.59470	32.60030	32.60025	32.59467	02:12 AM
21	SEK	10.98060	10.99000	10.99003	10.98060	02:12 AM
22	ZAR	19.20930	19.21710	19.21710	19.20930	02:12 AM
23	NOK	11.05180	11.06030	11.06029	11.05179	02:12 AM
24	DKK	7.01239	7.01323	7.01323	7.01239	02:12 AM
25	ARS	872.51600	872.66600	872.66610	872.51566	02:11 AM
26	BDT	108.44500	111.82900	111.82862	108.44472	09:00 PM
27	BHD	0.37701	0.37705	0.37705	0.37701	11:06 AM
28	BRL	5.24190	5.24490	5.24490	5.24190	02:09 AM
29	KRW	1,380.16000	1,380.58000	1,380.58000	1,380.16000	02:12 AM
30	KWD	0.30828	0.30848	0.30848	0.30828	11:12 AM
31	LKR	299.02400	305.60400	305.60412	299.02431	09:00 PM
32	OMR	0.38498	0.38503	0.38503	0.38498	11:06 AM
33	QAR	3.64600	3.65100	3.65100	3.64600	11:12 AM
34	RUB	93.70000	94.60000	94.60000	93.70000	08:00 PM
35	AFN	71.30700	73.18700	73.18701	71.30705	09:00 PM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:42 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	12,706.60000	12,772.40000	12,772.35727	12,706.55913	09:00 PM
40	PHP	57.60500	57.62900	57.62900	57.60500	02:12 AM
42	NGN	1,150.58000	1,151.58000	1,151.58000	1,150.58000	09:00 PM
43	KES	132.00000	134.00000	134.00000	132.00000	02:04 AM
44	AMD	368.65800	425.05600	425.05593	368.65753	09:00 PM
45	TWD	32.52800	32.53200	32.53200	32.52800	02:12 AM
46	XAU	2,382.52000	2,383.02000	2,383.02000	2,382.52000	02:11 AM
47	XAG	28.36420	28.37890	28.37890	28.36420	02:11 AM
48	XPT	940.45000	942.85000	942.85000	940.45000	11:12 AM
49	XPD	1,019.25000	1,027.25000	1,027.25000	1,019.25000	11:12 AM
2,120	VES	36.25120	36.34220	36.34216	36.25125	08:00 PM
2,212	UGX	3,780.61000	3,865.21000	3,865.20656	3,780.60817	09:00 PM
2,213	TZS	2,584.99000	2,585.01000	2,585.01500	2,584.98500	02:11 AM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	Direction	DateTime
KSE100	70,731.69	70,517.790	70,186.93	227.671	0.324	83,435,828.0	4,787,069,868.350	-1	19/04/2024 11:27 AM
ALLSHR	46,395.71	46,255.177	46,105.96	47.322	0.102	174,791,214.0	9,000,442,182.630	-1	19/04/2024 11:27 AM
KSE30	23,299.61	23,228.652	23,058.97	134.842	0.584	36,991,107.0	3,895,598,797.140	-1	19/04/2024 11:27 AM
KMI30	118,500.38	118,067.176	117,247.45	712.576	0.607	43,719,803.0	3,462,017,883.680	1	19/04/2024 11:27 AM
KMIALLSHR	32,903.45	32,812.152	32,695.54	88.286	0.270	107,414,667.0	7,442,487,466.120	1	19/04/2024 11:27 AM
BKTi	17,813.54	17,710.024	17,489.40	127.975	0.728	7,701,633.0	843,224,296.730	-1	19/04/2024 11:27 AM
OGTi	16,598.63	16,541.449	16,435.08	81.510	0.495	5,008,114.0	677,920,941.440	0	19/04/2024 11:27 AM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	62,120.0	63,840.0	59,635.0	-1,540.00
BRENT CRUDE	EB	88.8	90.8	86.9	1.66
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-5.20
ROTTERDAM COAL MONTHLY	ET	120.0	120.0	119.1	-0.35
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	83.7	85.6	81.9	1.61
SUGAR #11 WORLD	SB	19.6	19.7	19.2	0.29

To see more commodities please register for our portal

Top 5 things to watch in this week

Charts

KSE100 (Last)

KSE100 (Volume)

KSE100 (Last)

KSE100 (Volume)

Trending :

Al-Ghazi Tractors’ Profits for the half year ending on June 30th 2018 goes up by 16 percent: Earnings Report

Top 5 things to watch in this week

Charts

Stay Connected

Read Next

PACRA assigns an initital rating of ‘A’ to BIPL’s debt instrument

SBP reserves rise $14.4m despite $1bn Eurobond repayment

Car sales drop 3.5% MoM to 7,672 units in March

Asian equities plunge amid Iran-Israel tensions