Azgard 9 Ltd. sales for 1Q’ 18 rise 29.08% to Rs. 3.57 billion

MG News | November 28, 2017 at 11:54 AM GMT+05:00

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Azgard Nine today released their earnings for the 1Q 2017,

Company’s Gross Profit for the period increased by 73.23% reaching 584.98 million against 337 million same quarter last year
On the flip side, company’s Selling & Distribution expenses increased by 44% with an 81% decline in Other Income
Company’s Operating Profit due to a retarded growth in Cost of Sales against the Sales increase went up by 169%
The Bottom line profits clicked in at 15 million after erasing previous year’s losses of 167 million
In sync with the earnings company’s earnings per share reached to 0.03 Rupees per Share vs. -0.37 in 1Q 16

Comparison of Key Financials

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Quarter Ended, September 30^th 2017
Key Financials	2017	2016	% Change
	Amounts in PKR
Sales - net	3,573,918,467	2,768,847,426	29.08%
Cost of Sales	2,988,932,498	2,431,163,259	22.94%
Gross Profit	584,985,969	337,684,167	73.23%
Selling & Distribution Expenses	157,592,261	109,026,276	44.55%
Administrative Expenses	118,355,396	113,806,712	4.00%
Profit from Operations	309,038,312	114,851,176	169.08%
Other income	4,611,442	24,277,086	-81.00%
Other expenses	745,846	-
Finance cost	263,667,545	278,633,200	-5.37%
Profit/(Loss) before Taxation	49,236,363	(139,504,938)
Taxation	34,206,916	27,515,144	24.32%
Profit/(Loss) after Taxation	15,029,447	(167,020,082)
Earnings/(Loss) per share - Basic and Diluted	0.03	(0.37)

Company release on Earnings Report can be accessed here.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,140.00	119,450.00 115,635.00	4270.00 3.75%
BRENT CRUDE	70.63	70.71 68.55	1.99 2.90%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
ROTTERDAM COAL MONTHLY	108.75	108.75 108.75	0.40 0.37%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.75	68.77 66.50	2.18 3.27%
SUGAR #11 WORLD	16.56	16.60 16.20	0.30 1.85%