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HomeEquityAl Shaheer Corporation reports losses worth 17.6 million for 1QFY18

Al Shaheer Corporation reports losses worth 17.6 million for 1QFY18

  • 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, 30th 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 30th 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.

Posted on: 2017-10-27T12:31:00+05:00
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