BIFO announces Results for half year ending 31st Dec, 2017
MG News | February 09, 2018 at 12:43 PM GMT+05:00
Biafo Industries ltd. today announced financial results for the half year ending December 31st, 2017. The company reported Net Sales worth Rs. 851.406 million during the half year against Rs. 514.101 million same period last year; up 65.61% from last year.
Century Paper & Board Mills Ltd. reported bottom-line profits worth Rs. 280.604 million with an EPS of 12.75/share.
| Unconsolidated Profit and Loss Account - For the Half Year Ended, December 31st 2017 | |||
|---|---|---|---|
| Key Financials | 2017 | 2016 | % Change |
| Amounts in PKR ‘000 | |||
| Sales - net | 851,406,278 | 514,101,627 | 65.61% |
| Gross Profit | 433,143,881 | 220,172,967 | 96.73% |
| Operating Profit | 370,684,434 | 155,578,258 | 138.26% |
| Profit before Taxation | 344,736,523 | 144,687,780 | 138.26% |
| Profit for the period | 280,604,340 | 107,519,168 | 160.98% |
| EPS - Basic & Diluted | 12.75 | 4.89 | 160.74% |
The company release on the financial results can be accessed here.
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