Dost Steel Limited posts losses worth Rs. 65.696 million

MG News | April 25, 2018 at 09:44 AM GMT+05:00

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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.

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Three Months Ended, March 30^th 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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