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

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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.

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Nine Months Ended, March 30^th 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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