- Amreli Steels Ltd. sales for the period decreased by 15.91%, amounting to a total of 2.7 billion Rupees during the quarter ended September, 30th 2017
- Company’s Gross Profit increased by 9.73% owing to a decline of 20% in cost of sales
- The company reported a profit of 195 million, a decrease of 13.24% from last year’s profit of 225 million
- The company’s earnings per share reached 0.66 rupees in the last three months vs 0.76 in same quarter during 2016
|
Unconsolidated Profit and Loss Account – For the Three Months Ended, September 30th 2017 |
|||
|---|---|---|---|
|
Key Financials |
2017 |
2016 |
% Change |
|
Amounts in PKR |
|||
|
Sales – net |
2,706,286,342 |
3,218,486,105 |
-15.91% |
|
Cost of Sales |
2,196,312,150 |
2,753,753,430 |
-20.24% |
|
Gross Profit |
509,974,192 |
464,732,675 |
9.73% |
|
Distribution Costs |
55,492,434 |
81,918,390 |
-32.26% |
|
Administrative expenses |
101,056,802 |
69,955,973 |
44.46% |
|
Other expenses |
18,828,781 |
18,474,570 |
1.92% |
|
Other income |
322,557 |
5,007,655 |
-93.56% |
|
Operating Profit |
334,918,732 |
299,391,397 |
11.87% |
|
Finance Costs |
97,059,215 |
74,007,654 |
31.15% |
|
Profit before taxation |
237,859,517 |
225,383,743 |
5.54% |
|
Taxation |
42,086,798 |
257,943 |
16216.32% |
|
Net profit for the quarter |
195,772,719 |
225,641,686 |
-13.24% |
|
EPS – Basic and diluted |
0.66 |
0.76 |
-13.16% |
Company release on Earnings Report can be accessed here.
Posted on: 2017-10-26T13:37:00+05:00
