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HomeEquityAmreli Steels Ltd. profit for Q1FY18 falls by 13.24% to Rs. 195.77...

Amreli Steels Ltd. profit for Q1FY18 falls by 13.24% to Rs. 195.77 million

  • 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
Comparison of Key Financials

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
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