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

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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.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	88,120.00	89,510.00 85,135.00	3300.00 3.89%
BRENT CRUDE	60.26	60.37 59.40	0.44 0.74%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	2.25 2.54%
ROTTERDAM COAL MONTHLY	96.90	96.90 96.90	0.50 0.52%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	56.41	56.56 55.61	0.41 0.73%
SUGAR #11 WORLD	14.81	14.82 14.45	0.33 2.28%