Descon Oxychem reports remarkable progress in quarterly earnings

MG News | October 24, 2018 at 02:07 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

October 23, 2018 (MLN): Descon Oxychem Limited (DOL)’s profits for the quarter ended September 30th, 2018 increased remarkably by 381% due to a significant increase top-line earnings.

On the whole, the company’s expenses as well as non-core income rose fairly. However, taxation increased by over Rs.74 million which as compared to other increments is a significant amount.

Nevertheless, DOL’s profit growth was retained and its earnings per share exhibited an increment of Rs.2.27 per share from Rs.0.47 per share.

Consolidated financial results for the quarter ended September 30, 2018 ('000 Rupees)
	Sep-18	Sep-17	% Change
Sales	732,175	448,557	63.23%
Cost of Sales	(395,668)	(329,508)	20.08%
Gross profit	336,507	119,049	182.66%
Administrative Expenses	(24,293)	(20,422)	18.96%
Distribution and selling cost	(16,553)	(16,776)	-1.33%
Other operating Income	1,982	975	103.28%
Other expenses	(20,407)	(4,062)	402.39%
Profit from operations	277,236	78,764	251.98%
Finance cost	(744)	(1,583)	-53.00%
Profit before Taxation	276,492	77,181	258.24%
Taxation	(45,365)	(29,168)	55.53%
Profit for the period	231,127	48,013	381.38%
Basic earnings per share (Rupees)	2.27	0.47	382.98%

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	165,596.07 264.75M	-0.54% -902.76
ALLSHR	100,017.71 623.24M	-0.46% -463.69
KSE30	49,464.92 86.97M	-0.60% -299.08
KMI30	238,952.40 97.00M	-0.58% -1388.16
KMIALLSHR	65,314.16 323.73M	-0.44% -285.47
BKTi	44,788.98 46.84M	-0.77% -347.65
OGTi	35,107.09 7.04M	-0.41% -145.22

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	79,165.00	81,895.00 78,675.00	-2455.00 -3.01%
BRENT CRUDE	109.47	109.75 106.26	3.75 3.55%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-2.95 -2.61%
ROTTERDAM COAL MONTHLY	109.00	109.00 108.75	1.25 1.16%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	101.16	101.57 97.23	4.24 4.37%
SUGAR #11 WORLD	14.78	15.07 14.67	-0.21 -1.40%