Dost Steel Limited posts losses worth Rs. 65.696 million
MG News | April 25, 2018 at 09:44 AM GMT+05:00
Dost Steel Limited (DSL) today announced financial results for the three months period ending 31 March, 2018 reporting Sales earned worth Rs. 27.447 million. Furthermore, the company’s Gross Loss the year reached at 10.094 million during the outgoing three months.
On the expenses front, DSL reported 3.40 percent decrease in Administrative Expenses, whereas, finance costs at the company increased by 5028.51 percent during the period.
Dost Steel Limited reported loss after taxation at Rs. 65.696 million up from 66.801 million last year translating into an EPS of Rs. -0.21 vs. an EPS of Rs. -0.44 during the three months ending March, 2017.
| Unconsolidated Profit and Loss Account - For the Three Months Ended, March 30th 2018 | |||
|---|---|---|---|
| Key Financials | March, 2018 | March, 2017 | % Change |
| Amounts in PKR | |||
| Sales | 27,447,811 | - |
|
| Cost of Sales | 37,542,575 | - |
|
| Gross Loss | (10,094,764) | - |
|
| Administrative Expenses | 69,868,471 | 72,331,162 | -3.40% |
| Finance Costs | 4,635,867 | 90,394 | 5028.51% |
| Other Operating Income | 19,245,569 | 5,619,965 | 242.45% |
| Loss before Taxation | (65,353,533) | (66,801,591) |
|
| Taxation | 343,098 | - |
|
| Loss after Taxation | (65,696,631) | (66,801,591) |
|
| Loss per share - Basic and diluted | (0.21) | (0.44) |
|
Company release on Earnings Report can be accessed here.
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