Century Paper profits rise by 63.72 percent to Rs. 744.287 million

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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 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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