Decline in revenue puts Aisha Steel Mills in abyss of losses

06:16
February 27, 2019
MG

February 27, 2019 (MLN): Aisha Steel Mills Limited (ASL) has unveiled its 1HFY19 results, wherein the company has posted loss after tax of Rs. 51 million (LPS: Rs. 0.1), compared to profit after tax of Rs. 801 million (EPS: Rs. 0.98) in 1HFY18.

Lower top-line earnings in the said period can be attributable to the losses booked by the company. On the other hand, operating expenses of the company, i.e. Distribution and Administrative expenses, swelled by 33% and 44% respectively, causing further deterioration of company’s net earnings.

Profit and loss account for the six months ended December 31 2018 (Rupees'000)
	Dec-18	Dec-17	% Change
Revenue	7,600,434	9,510,315	-20.08%
Cost of sales	-6,961,831	-7,667,747	-9.21%
Gross profit	638,603	1,842,568	-65.34%
Selling and distribution cost	-11,135	-8,348	33.39%
Administrative expenses	-128,432	-89,379	43.69%
Other expenses		-87,350
Other income	17,154	16,785	2.20%
Profit from operations	516,190	1,674,276	-69.17%
Finance cost	-858,778	-495,689	73.25%
(Loss) / profit before taxation	-342,588	1,178,587
Taxation	291,172	-377,188
(Loss) / profit for the period	-51,416	801,399
(Loss) / earnings per share
– Basic	-0.10	0.98
– Diluted		0.96

Copyright Mettis Link News

Posted on: 2019-02-27T11:16:00+05:00

26385

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PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.30000	278.60000	278.60000	278.30000	03:06 PM
2	EUR	1.06194	1.06198	1.06197	1.06194	03:36 PM
3	GBP	1.24281	1.24289	1.24289	1.24281	03:36 PM
4	CHF	0.91279	0.91290	0.91290	0.91279	03:36 PM
5	JPY	154.68900	154.69500	154.69500	154.68900	03:36 PM
6	CAD	1.38227	1.38233	1.38233	1.38227	03:36 PM
7	AUD	0.64049	0.64053	0.64053	0.64050	03:36 PM
8	INR	83.64670	83.69470	83.69470	83.64670	03:36 PM
9	SAR	3.75100	3.75120	3.75120	3.75100	12:36 AM
10	AED	3.67230	3.67260	3.67260	3.67230	12:36 AM
11	HKD	7.83189	7.83241	7.83241	7.83189	03:36 PM
12	CNH	7.26444	7.26504	7.26504	7.26444	03:36 PM
13	CNY	7.23700	7.23850	7.23850	7.23700	11:54 PM
14	THB	36.64600	36.77200	36.77200	36.64600	03:36 PM
15	MYR	4.78950	4.79450	4.79450	4.78950	05:01 AM
16	IDR	16,282.20000	16,303.10000	16,303.10000	16,282.20000	03:35 PM
17	SGD	1.36470	1.36570	1.36570	1.36470	03:36 PM
18	NZD	0.58813	0.58819	0.58818	0.58813	03:36 PM
19	MXN	17.04680	17.05190	17.05185	17.04685	03:36 PM
20	TRY	32.49560	32.50560	32.50560	32.49560	03:36 PM
21	SEK	10.96400	10.96670	10.96666	10.96414	03:36 PM
22	ZAR	19.01860	19.04670	19.04670	19.01880	03:36 PM
23	NOK	10.98560	10.99150	10.99149	10.98573	03:36 PM
24	DKK	7.02579	7.02637	7.02637	7.02579	03:36 PM
25	ARS	868.75200	868.76200	868.76220	868.75220	03:36 PM
26	BDT	108.00300	111.39000	111.38964	108.00337	07:19 AM
27	BHD	0.37698	0.37703	0.37703	0.37698	08:22 PM
28	BRL	5.26230	5.26530	5.26530	5.26230	03:36 PM
29	KRW	1,390.77000	1,391.49000	1,391.49000	1,390.77000	03:36 PM
30	KWD	0.30821	0.30831	0.30831	0.30821	12:36 AM
31	LKR	296.77900	303.36300	303.36323	296.77881	07:19 AM
32	OMR	0.38493	0.38508	0.38508	0.38493	08:52 PM
33	QAR	3.64650	3.64850	3.64850	3.64650	12:36 AM
34	RUB	93.30000	93.35000	93.35000	93.30000	08:00 PM
35	AFN	71.27170	73.15300	73.15295	71.27169	07:19 AM
36	AZN	1.70000	1.70000	1.70000	1.70000	05:27 AM
37	TMT	3.35000	3.65000	3.65000	3.35000	08:00 PM
38	MVR	15.26000	15.63000	15.63000	15.26000	08:00 PM
39	UZS	12,628.00000	12,693.80000	12,693.82898	12,627.98474	07:19 AM
40	PHP	56.97000	57.03400	57.03400	56.97000	03:35 PM
42	NGN	1,147.20000	1,148.20000	1,148.20000	1,147.20000	06:47 AM
43	KES	131.00000	133.00000	133.00000	131.00000	03:32 PM
44	AMD	395.24000	395.24000	395.24000	395.24000	08:42 AM
45	TWD	32.52750	32.55750	32.55750	32.52750	03:36 PM
46	XAU	2,389.50000	2,389.86000	2,389.86000	2,389.50000	03:35 PM
47	XAG	28.23920	28.24880	28.24880	28.23920	03:35 PM
48	XPT	961.85000	963.35000	963.20000	961.95000	12:35 AM
49	XPD	1,015.75000	1,020.75000	1,019.75000	1,015.75000	12:35 AM
2,120	VES	36.18970	36.28460	36.28456	36.18970	08:00 PM
2,212	UGX	3,790.75000	3,875.40000	3,875.40388	3,790.74700	07:19 AM
2,213	TZS	2,589.99000	2,590.01000	2,590.01500	2,589.98500	10:48 AM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	71,092.61	70,483.661	70,405.24	-60.920	-0.086	219,859,414.0	13,403,041,469.900	16/04/2024 04:13 PM
ALLSHR	46,777.52	46,296.901	46,240.20	-53.140	-0.115	548,263,795.0	21,024,311,611.130	16/04/2024 04:13 PM
KSE30	23,398.52	23,202.557	23,173.56	11.473	0.050	100,335,756.0	10,356,636,764.550	16/04/2024 04:13 PM
KMI30	119,620.65	118,234.978	118,081.07	-328.264	-0.277	107,723,344.0	7,905,123,714.070	16/04/2024 04:13 PM
KMIALLSHR	33,171.70	32,854.462	32,821.61	-20.241	-0.062	273,393,087.0	15,477,336,218.630	16/04/2024 04:13 PM
BKTi	17,714.71	17,619.616	17,395.46	182.548	1.047	26,942,731.0	2,795,917,414.630	16/04/2024 04:13 PM
OGTi	16,884.29	16,634.785	16,610.31	48.365	0.292	19,940,745.0	2,711,329,130.080	16/04/2024 04:13 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	63,205.0	64,085.0	61,895.0	-355.00
BRENT CRUDE	EB	90.1	90.8	89.4	0.04
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-3.45
ROTTERDAM COAL MONTHLY	ET	121.5	121.5	121.5	0.80
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	85.5	86.2	84.8	0.07
SUGAR #11 WORLD	SB	19.6	20.1	19.3	-0.41

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