Dawood Hercules observes a considerable drop in profits by 63%

Mar-19

Mar-18

% Change

Net sales

                                                   40,647,358

                                                   33,524,875

21.25%

Cost of sales

                                                (28,645,147)

                                                (21,966,894)

30.40%

Gross profit

                                                   12,002,211

                                                   11,557,981

3.84%

Selling and distribution expenses

                                                   (1,740,448)

                                                   (1,839,444)

-5.38%

Administrative expenses

                                                   (1,498,633)

                                                   (1,001,374)

49.66%

Other income

                                                     2,953,054

                                                   14,099,151

-79.06%

Other operating expenses

                                                      (701,896)

                                                      (597,643)

17.44%

Finance costs

                                                   (1,819,145)

                                                   (1,372,491)

32.54%

Share of income from associates and Joint ventures

                                                         409,732

                                                         416,051

Profit before taxation

                                                     9,604,875

                                                   21,262,231

-54.83%

Taxation

                                                   (2,930,948)

                                                   (3,399,493)

-13.78%

Profits for the period

                                                     6,673,927

                                                   17,862,738

-62.64%

Basic and diluted earnings per share

                                                                3.33

                                                             26.15

-87.27%