January 29, 2019 (MLN): Archroma Pakistan Limited’s (ARPL) quarterly profits (Rs.332.7 million) in 1QFY19 have expanded by 18.5% as compared to last year’s first quarter (Rs.280.7 million). The company has reported its EPS at Rs.975.
Although ARPL’s topline (Rs.4 billion) grew by nearly 36%, its cost of sale (Rs.2.9 billion) rose by a greater margin (37.5%), bringing down gross margin (28.2%) by 1 percent.
In addition to this, the overall expenses and finance cost mounted as well, yet Archroma steadily maintained a 12.5% rise in pre-tax profits (443.6 million).
Financial Results for the quarter ended December 31, 2018 ('000 Rupees) | |||
|---|---|---|---|
| Dec-18 | Dec-17 | % Change |
Net sales | 4,068,609 | 2,998,201 | 35.70% |
Cost of goods sold | (2,919,803) | (2,123,498) | 37.50% |
Gross profit | 1,148,806 | 874,703 | 31.34% |
Distribution and marketing expenses | (253,892) | (220,517) | 15.13% |
Administrative expenses | (128,031) | (122,652) | 4.39% |
Other expenses | (90,492) | (44,515) | 103.28% |
Other income | 2,914 | 4,700 | -38.00% |
operating Profit | 679,305 | 491,719 | 38.15% |
Finance cost | (235,698) | (97,449) | 141.87% |
Profit before taxation | 443,607 | 394,270 | 12.51% |
Taxation – net | (110,933) | (113,559) | -2.31% |
Profit for the year | 332,674 | 280,711 | 18.51% |
Earnings per share – basic and diluted (Rupees) | 9.75 | 8.23 | 18.47% |
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