Earnings Report: Agritech Ltd. (PSX: AGL) today reported Financial Results for the Three and Six months ended June 30, 2017

Agritech Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Net Slaes for the period decreased by 50 percent in the outgoing year, whereas the company suffered losses during the period.

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Six Months Ended

Key Financials

Jan – June, 2017

Jan – Jun, 2016

% Change

Common Size ‘17

 

Amounts in PKR ‘000

 

Net Sales

1,463,811,381

2,906,225,879

-49.63%

100%

Cost of Sales

2,018,240,182

2,442,780,406

-17.38%

138%

Gross Profit/(Loss)

(554,428,801)

463,445,473

-219.63%

 

Selling and Dist: Expenses

117,950,777

156,505,489

-24.63%

8%

Admin: & General Expenses

136,955,068

289,824,895

-52.75%

9%

Other Expenses

1,517,584

6,069,024

-74.99%

0%

Other Income

6,947,873

27,331,364

-74.58%

0%

Operating Profit/(Loss)

(803,904,357)

38,377,429

-2194.73%

 

Finance Cost

1,022,215,739

1,109,538,493

-7.87%

70%

Loss before Taxation

(1,826,120,096)

(1,071,161,064)

70.48%

 

Taxation

51,821,709

228,275,317

-77.30%

4%

Loss after Taxation

(1,774,298,387)

(842,885,747)

110.50%

 

Loss per share – Basic & Diluted

(4)

(2)

88.61%

0%

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-08-25T14:47:00+05:00