ARPL’s quarterly profits remain flat

09:53
January 29, 2020
MG

January 29, 2020 (MLN): Archroma Pakistan Limited (ARPL)’s profitability for the quarter ended December 31, 2019, has remained stationary at Rs 333 million with earning per share clocked in at Rs 9.7.

Although ARPL’s topline (Rs.4.6 billion) grew by nearly 13.8%, its cost of sale (Rs.3.4 billion) rose by a greater margin (24.6%), bringing down gross margins (27%) by 6ppts.

As per the financial results announced by the company, Distribution and marketing expenses increased by 9.37% (Rs486.6 million), administrative expenses increased by 12.84% (Rs144.4 million), whereas, other expenses decreased by 55.39% (Rs40.3 million).

Even though the company witnessed 64.57% decline in finance cost to Rs83.5 million, still the impact failed to lift the company’s profitability.

Moreover, the Board of Directors of the company did not announce any cash dividend for the period mentioned above.

Financial Results for the quarter ended December 31, 2019 ('000 Rupees)
	Dec-19	Dec-18	% Change
Net sales	4,630,645	4,068,609	13.81%
Cost of goods sold	(3,401,286)	(2,728,743)	24.65%
Gross profit	1,229,359	1,339,866	-8.25%
Distribution and marketing expenses	(486,663)	(444,952)	9.37%
Administrative expenses	(144,468)	(128,031)	12.84%
Other expenses	(40,364)	(90,492)	-55.39%
Other income	9,087	2,914	211.84%
operating Profit	566,951	679,305	-16.54%
Finance cost	(83,515)	(235,698)	-64.57%
Profit before taxation	483,436	443,607	8.98%
Taxation – net	(149,994)	(110,933)	35.21%
Profit for the year	333,442	332,674	0.23%
Earnings per share – basic and diluted (Rupees)	9.77	9.75	0.21%

Copyright Mettis Link News

Posted on: 2020-01-29T14:53:00+05:00

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PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.40000	278.50000	278.50000	278.40000	03:02 PM
2	EUR	1.06424	1.06430	1.06430	1.06429	08:03 PM
3	GBP	1.24351	1.24360	1.24360	1.24358	08:03 PM
4	CHF	0.91234	0.91246	0.91245	0.91234	08:03 PM
5	JPY	154.56300	154.56600	154.56600	154.56300	08:03 PM
6	CAD	1.37700	1.37707	1.37707	1.37700	08:03 PM
7	AUD	0.64235	0.64241	0.64241	0.64237	08:03 PM
8	INR	83.63530	83.63580	83.63580	83.63530	08:02 PM
9	SAR	3.75110	3.75130	3.75130	3.75110	05:03 AM
10	AED	3.67250	3.67280	3.67280	3.67250	05:02 AM
11	HKD	7.83136	7.83157	7.83157	7.83136	08:03 PM
12	CNH	7.25093	7.25122	7.25120	7.25093	08:03 PM
13	CNY	7.23820	7.23920	7.23920	7.23820	11:17 PM
14	THB	36.81800	36.89900	36.89800	36.81800	08:03 PM
15	MYR	4.78500	4.79000	4.79000	4.78500	08:02 PM
16	IDR	16,220.00000	16,218.90000	16,220.00000	16,218.90000	08:03 PM
17	SGD	1.36211	1.36218	1.36218	1.36211	08:03 PM
18	NZD	0.59033	0.59039	0.59039	0.59034	08:03 PM
19	MXN	17.07300	17.07800	17.07801	17.07301	08:03 PM
20	TRY	32.56300	32.57300	32.57300	32.56300	08:03 PM
21	SEK	10.96990	10.98060	10.98014	10.96991	08:03 PM
22	ZAR	19.13580	19.15980	19.15860	19.13580	08:03 PM
23	NOK	11.05240	11.06200	11.06087	11.05243	08:03 PM
24	DKK	7.00965	7.01068	7.01068	7.00965	08:03 PM
25	ARS	869.93300	869.94300	869.94310	869.93310	08:02 PM
26	BDT	108.05800	111.43000	111.42956	108.05773	08:00 PM
27	BHD	0.37697	0.37701	0.37701	0.37697	03:41 AM
28	BRL	5.24160	5.24460	5.24460	5.24160	08:03 PM
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30	KWD	0.30833	0.30843	0.30843	0.30833	05:02 AM
31	LKR	297.95700	304.51400	304.51357	297.95723	08:00 PM
32	OMR	0.38497	0.38500	0.38500	0.38497	03:41 AM
33	QAR	3.64550	3.64850	3.64850	3.64550	05:03 AM
34	RUB	93.70000	94.60000	94.60000	93.70000	08:00 PM
35	AFN	71.00000	73.00000	73.00000	71.00000	08:00 PM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:42 AM
37	TMT	3.35000	3.65000	3.65000	3.35000	08:00 PM
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40	PHP	57.20600	57.35100	57.35100	57.20600	08:01 PM
42	NGN	1,149.77000	1,150.77000	1,150.77000	1,149.77000	08:00 PM
43	KES	132.00000	134.00000	134.00000	132.00000	08:00 PM
44	AMD	394.07000	394.07000	394.07000	394.07000	08:00 PM
45	TWD	32.43130	32.46130	32.46130	32.43130	08:03 PM
46	XAU	2,378.96000	2,379.25000	2,379.25000	2,378.96000	08:03 PM
47	XAG	28.21660	28.22640	28.22640	28.21660	08:03 PM
48	XPT	934.59600	942.29200	942.29170	934.63210	05:03 AM
49	XPD	1,023.22000	1,028.87000	1,028.86500	1,023.21540	05:03 AM
2,120	VES	36.25120	36.34220	36.34216	36.25125	08:00 PM
2,212	UGX	3,766.45000	3,850.73000	3,850.72810	3,766.44660	08:00 PM
2,213	TZS	2,582.99000	2,583.01000	2,583.01500	2,582.98500	08:00 PM

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Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	70,645.30	70,290.119	69,783.32	-43.199	-0.061	237,694,811.0	11,463,504,265.170	18/04/2024 04:13 PM
ALLSHR	46,417.10	46,207.855	45,927.10	-25.142	-0.054	440,121,509.0	24,355,862,169.420	18/04/2024 04:13 PM
KSE30	23,225.12	23,093.810	22,904.89	-26.776	-0.116	98,900,681.0	9,116,464,844.550	18/04/2024 04:13 PM
KMI30	118,354.77	117,354.600	116,464.95	-245.338	-0.209	149,225,217.0	8,668,512,964.260	18/04/2024 04:13 PM
KMIALLSHR	32,968.78	32,723.866	32,557.70	-28.234	-0.086	281,881,154.0	20,769,541,762.000	18/04/2024 04:13 PM
BKTi	17,793.43	17,582.049	17,476.13	-169.939	-0.957	18,567,387.0	2,410,715,151.990	18/04/2024 04:13 PM
OGTi	16,667.42	16,459.940	16,334.74	-2.499	-0.015	12,106,369.0	1,792,912,599.580	18/04/2024 04:13 PM

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Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	63,590.0	63,840.0	63,320.0	-70.00
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RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-5.20
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USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
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