DGKC hit by double whammy of higher taxation, finance cost in FY23

Jun-23

Jun-22

% Change

Revenue

                      70,495,201

                      61,653,833

14.34%

Cost of sales

                    (59,820,917)

                    (50,328,602)

18.86%

Gross profit

                      10,674,284

                      11,325,231

-5.75%

Administrative expenses

                      (1,045,635)

                          (892,479)

17.16%

Selling and distribution expenses

                      (1,822,492)

                      (1,753,090)

3.96%

Net impairment gains/ (losses) on financial assets

                            (99,981)

                              15,069

-

Changes in the fair value of biological assets

                            441,456

                            303,033

45.68%

Other expenses

                          (349,232)

                      (1,183,810)

-70.50%

Other income

                        3,245,940

                        2,735,461

18.66%

Finance cost

                      (7,219,255)

                      (3,748,080)

92.61%

Profit/ (Loss) before taxation

                        3,825,085

                        6,801,335

-43.76%

Taxation

                      (7,191,139)

                      (3,418,913)

110.33%

Profit/ (loss) after taxation

                      (3,366,054)

                        3,382,422

-

Earnings / (Loss) per share - basic and diluted (Rupees)

                                 (8.06)

                                   7.21

-