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.
