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

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.

Comparison of Key Financials

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.

Posted on: 2018-02-09T12:43:00+05:00