Dost Steel Limited posts losses worth Rs. 65.696 million

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.

Posted on: 2018-04-25T09:44:00+05:00