Century Paper profits rise by 63.72 percent to Rs. 744.287 million
MG News | April 24, 2018 at 10:18 AM GMT+05:00
Century Paper and Board Mills (CEPB) today announced financial results for the nine months period ending 31 March, 2018 reporting Sales – net earned worth Rs. 14 billion. Furthermore, the company’s Gross Profit for the year jumped up by 44.11 percent reaching at Rs. 1.865 billion during the outgoing nine months.
On the expenses front, CEPB reported 11.27 percent increase in General & Administration Expenses, 8.54 percent increase in Selling Expenses with a 13.65 percent jump in Distribution Expenses, whereas, other operating charges at the company increased by 44.54 percent during the period.
Century Paper & Board Mills Limited reported profit after taxation at Rs. 744.287 million up from 454.596 million last year translating into an EPS of Rs. 4.71 vs. an EPS of Rs. 2.76 during the nine months ending March, 2017.
| Unconsolidated Profit and Loss Account - For the Nine Months Ended, March 30th 2018 | |||
|---|---|---|---|
| Key Financials | March, 2018 | March, 2017 | % Change |
| Amounts in PKR’ 000 | |||
| Sales - Net | 14,000,464 | 11,532,808 | 21.40% |
| Cost of Sales | 12,134,573 | 10,238,038 | 18.52% |
| Gross Profit | 1,865,891 | 1,294,770 | 44.11% |
| General and Administrative Expenses | 310,760 | 279,279 | 11.27% |
| Selling Expenses | 40,156 | 36,998 | 8.54% |
| Distribution Expenses | 51,466 | 45,283 | 13.65% |
| Other Operating Charges | 104,104 | 72,024 | 44.54% |
| Other Income | 54,206 | 97,295 | -44.29% |
| Operating Profit | 1,413,611 | 958,481 | 47.48% |
| Finance Cost | 348,312 | 309,059 | 12.70% |
| Profit before Taxation | 1,065,299 | 649,422 | 64.04% |
| Taxation | 321,012 | 194,826 | 64.77% |
| Profit for the Period | 744,287 | 454,596 | 63.72% |
| EPS - Basic and diluted | 4.71 | 2.76 | 70.65% |
Company release on Earnings Report can be accessed here.
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