Earnings Report: Agritech Ltd. (PSX: AGL) today reported Financial Results for the Three and Six months ended June 30, 2017
MG News | August 25, 2017 at 02:47 PM GMT+05:00
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.
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