Earning Review: NPL’s annual profits soar by 17% YoY

September 18, 2019 (MLN): Nishat Power Limited (NPL) has announced its financial results today for the year ended June 30th 2019, as per which the company posted its net profits after tax soared by 17.4% YoY to Rs 3.7 billion with EPS locked in at Rs 10.6, against Rs 3.2 billion (EPS: Rs 9) earned last year.

Despite decline in topline earnings by around 8% due to decline in dispatches, the company managed to earn profits mainly on the back of PKR depreciation during the year and higher penal income.

The positive impact of the aforementioned factors was partially offset by rise in other expenses (473%) and finance cost (28%) owing to higher interest rates.

 

Financial Results for the year ended June 30th 2019 ('000 Rupees)

 

Jun-19

Jun-18

% Change

Sales

 15,581,918

 16,929,085

-7.96%

Cost of sales

 (10,584,021)

 (12,707,336)

-16.71%

Gross profit

 4,997,897

 4,221,749

18.38%

Administrative expenses

 (274,201)

 (320,567)

-14.46%

Other expenses

 (15,884)

 (2,770)

473.43%

Other income

 7,558

 51,044

-85.19%

Finance cost

 (945,646)

 (737,319)

28.25%

Share of loss of associate

 –  

 (843)

-100.00%

Profit before taxation

 3,769,724

 3,211,294

17.39%

Taxation

 –  

 –

 

Profit for the year

 3,769,724

 3,211,294

17.39%

Earnings per share – basic and diluted (Rupees)

 10.646

 9.069

17.39%

 

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Posted on: 2019-09-18T15:23:00+05:00

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