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

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%