Siemens Pakistan announced its financial results for the nine months period ended June 30, 2017.
The company’s Net Sales and Services increased by 39 percent in the outgoing year, whereas Net Profit after Taxation for the period declined 74 percent in comparison to previous year.
The Company issued no Cash Dividend, Bonus Shares or Right Shares for the period.
Comparison of Key Financials:
For the Nine Month
Key Financials
June30, 2017
June30, 2016
% Change
Net Sales and Services
9,557,561
6,873,397
39%
Cost of Sales and Services
8,190,356
6,482,222
26%
Gross Profit
1,367,205
391,175
250%
Marketing and Selling Expenses
626,405
553,690
13%
General Administrative Expenses
98,416
138,233
-29%
Other Income
6,397
21,072
-70%
Other Operating Expenses
53,427
–
Net other operating (Expense)/Income
47,030
21,072
123%
Operating Profit/(loss)
595,353
279,676
113%
Financial Income
124,656
64,986
92%
Financial Expenses
12,305
22,528
-45%
Net Finance Income
112,351
42,458
165%
Profit/(loss) before Income Tax Expense and gain on Sale of Assets classified as held for Sale
707,704
237,218
198%
Income tax
355,609
289,928
23%
Net Profit/(loss) before gain on Sale of Assets classified as held for Sale
352,095
527,146
-33%
Gain on Sale of Assets classified as held of sale – Net of Income Tax
