Al-Noor Sugar Mills’ losses triple up as company fails to control growing costs

11:26
December 28, 2018
MG

December 28, 2018 (MLN): Al-Noor Sugar Mills Limited has stated losses amounting to Rs. 120 million for the year ended 30^th September 2018, an enormous jump from last year’s losses of Rs. 30 million. The poor outcome can be attributed to failure on company’s part to control both direct and indirect costs.

While the top-line earning of the company showed decent growth of 31%, the cost of sales increased by a relatively bigger margin, causing the gross profit to become negative.

Even the presence of non-core income streams such as other income and Share of profits in associates couldn’t pull the company out from abyss of losses.

The company reported loss per share, both basic and diluted, at Rs. 5.9 for the year ended September 2018, triple times more than that of last year.

Profit and loss account for the year ended September 30th 2018 (Rupees'000)
	Sep-18	Sep-17	% Change
Sale	9,080,899	6,895,714	31.69%
Cost of sales	-9,733,468	-6,190,599	57.23%
Gross (loss)/Profit	-652,569	705,115
Profit from trading activities	56	810	-93.09%
Distribution cost	-198,084	-66,083	199.75%
Administrative cost	-509,257	-449,015	13.42%
Other operating cost	-18,513	-10,050	84.21%
Other income	1,351,197	19,376
Finance cost	-309,881	-327,810	-5.47%
Share of profit in associate	93,705	824
(Loss) before taxation	-243,346	-126,833	91.86%
Taxation	122,512	96,514	26.94%
(Loss) after taxation	-120,834	-30,319	298.54%
(Loss) per share — Basic and diluted (Rupees)	-5.9	-1.48	298.65%

Copyright Mettis Link News

Posted on: 2018-12-28T16:26:00+05:00

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1	PKR	278.20000	278.40000	278.40000	278.20000	01:03 PM
2	EUR	1.06566	1.06571	1.06571	1.06566	06:03 AM
3	GBP	1.24493	1.24503	1.24503	1.24493	06:03 AM
4	CHF	0.90861	0.90868	0.90868	0.90861	06:03 AM
5	JPY	154.49600	154.50300	154.50300	154.49600	06:03 AM
6	CAD	1.37622	1.37628	1.37628	1.37622	06:03 AM
7	AUD	0.64175	0.64179	0.64179	0.64175	06:03 AM
8	INR	83.47170	83.47870	83.47870	83.47170	06:03 AM
9	SAR	3.75120	3.75160	3.75160	3.75120	03:02 PM
10	AED	3.67220	3.67320	3.67320	3.67220	02:59 PM
11	HKD	7.83233	7.83258	7.83258	7.83233	06:03 AM
12	CNH	7.25030	7.25044	7.25044	7.25030	06:03 AM
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17	SGD	1.36176	1.36186	1.36186	1.36176	06:03 AM
18	NZD	0.58902	0.58913	0.58913	0.58902	06:03 AM
19	MXN	17.30610	17.31220	17.31221	17.30607	06:03 AM
20	TRY	32.59250	32.60070	32.60075	32.59255	06:03 AM
21	SEK	10.95130	10.95290	10.95294	10.95126	06:03 AM
22	ZAR	19.21040	19.21780	19.21780	19.21040	06:03 AM
23	NOK	11.04350	11.04600	11.04602	11.04347	06:03 AM
24	DKK	7.00182	7.00243	7.00243	7.00182	06:03 AM
25	ARS	869.75300	869.76300	869.76320	869.75320	06:02 AM
26	BDT	108.44500	111.82900	111.82862	108.44472	09:00 PM
27	BHD	0.37704	0.37712	0.37712	0.37704	03:02 PM
28	BRL	5.24050	5.24350	5.24350	5.24050	05:59 AM
29	KRW	1,380.24000	1,380.74000	1,380.74000	1,380.24000	06:03 AM
30	KWD	0.30814	0.30848	0.30848	0.30814	03:02 PM
31	LKR	299.02400	305.60400	305.60412	299.02431	09:00 PM
32	OMR	0.38500	0.38506	0.38506	0.38500	03:02 PM
33	QAR	3.64600	3.64900	3.64900	3.64600	03:03 PM
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
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40	PHP	57.37700	58.09800	58.09800	57.37700	06:03 AM
42	NGN	1,111.31000	1,112.31000	1,112.31000	1,111.31000	04:21 AM
43	KES	132.50000	134.50000	134.50000	132.50000	05:44 AM
44	AMD	368.65800	425.05600	425.05593	368.65753	09:00 PM
45	TWD	32.50750	32.53750	32.53750	32.50750	06:03 AM
46	XAU	2,379.88000	2,380.21000	2,380.21000	2,379.88000	06:03 AM
47	XAG	28.27740	28.28880	28.28880	28.27740	06:03 AM
48	XPT	935.80000	937.30000	937.30000	935.95000	03:02 PM
49	XPD	1,007.45000	1,014.33000	1,012.75000	1,007.75000	03:02 PM
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	2,589.99000	2,590.01000	2,590.01500	2,589.98500	05:42 AM

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Name	High	Current	Low	Change	% Change	Volume	Value	Direction	DateTime
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KSE30	23,338.63	23,299.266	23,058.97	205.456	0.890	72,687,230.0	7,828,494,315.130	1	19/04/2024 03:17 PM
KMI30	118,699.71	118,463.964	117,247.45	1,109.364	0.945	91,126,575.0	7,326,770,451.780	1	19/04/2024 03:17 PM
KMIALLSHR	33,005.12	32,979.431	32,695.54	255.565	0.781	209,315,817.0	14,055,635,303.270	1	19/04/2024 03:17 PM
BKTi	17,813.54	17,699.903	17,489.40	117.855	0.670	9,436,561.0	1,004,853,745.490	1	19/04/2024 03:17 PM
OGTi	16,766.60	16,663.480	16,435.08	203.540	1.237	10,591,901.0	1,449,508,382.720	-1	19/04/2024 03:17 PM

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BITCOIN FUTURES	BTC	65,045.0	65,320.0	59,635.0	1,385.00
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