Al Shaheer Corporation reports losses worth 17.6 million for 1QFY18

MG News | October 27, 2017 at 12:31 PM GMT+05:00

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Al Shaheer Corporation turnover for the period decreased by 1.15%, amounting to a total of 1.51 billion Rupees during the quarter ended September, 30^th 2017
Company’s Administrative and distribution expenses for the period increased by 15% to 369 million
The company reported losses worth Rs. 17.6 million against last year quarterly losses of Rs. 39.35 million
Al-Shaheer Corp’s Other income for the period increased by 500%
The company’s earnings per share reached rupees -0.12 against -0.28 rupees in 2016

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Quarter Ended, September 30^th 2017
Key Financials	2017	2016	% Change
	Amounts in PKR ‘000
Turnover - net	1,518,356	1,536,062	-1.15%
Cost of Sales	1,147,194	1,227,455	-6.54%
Gross Profit	371,162	308,607	20.27%
Administrative and general expenses	369,059	321,044	14.96%
Other operating expenses	-	1,739	-100.00%
Operating profit/(loss)	2,103	(14,176)
Other income	7,641	1,275	499.29%
Finance costs	14,547	17,628	-17.48%
Loss before Taxation	(4,803)	(30,529)
Taxation	12,803	8,824	45.09%
Loss for the period	(17,606)	(39,353)
Loss per share - basic and diluted	(0.12)	(0.28)

Company release on Earnings Report can be accessed here.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	110,990.00	112,355.00 109,820.00	570.00 0.52%
BRENT CRUDE	65.69	66.78 65.41	-0.30 -0.45%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.05 -1.29%
ROTTERDAM COAL MONTHLY	92.60	0.00 0.00	0.10 0.11%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	61.44	62.59 61.21	-0.35 -0.57%
SUGAR #11 WORLD	14.97	15.34 14.93	-0.32 -2.09%