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 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.