BIFO announces Results for half year ending 31st Dec, 2017

MG News | February 09, 2018 at 12:43 PM GMT+05:00

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Biafo Industries ltd. today announced financial results for the half year ending December 31^st, 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.

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Half Year Ended, December 31^st 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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