Earnings Report: Aisha Steel Ltd. (PSX: ASL) today reported Financial Results for the Twelve months ended June 30, 2017

MG News | September 25, 2017 at 10:33 AM GMT+05:00

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

The company’s Revenue for the period increased by 46.10 percent in the outgoing year, whereas the company made profits after suffering losses during the last period.

The board has not recommended any Cash Dividend for the year ended June 30, 2017. The board issued no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Year Ended
Key Financials	2017	2016	% Change
	Amounts in PKR ‘000
Revenue	14,075,876	9,634,297	46.10%
Cost of Sales	11,988,484	8,654,034	38.53%
Gross Profit	2,087,392	980,263	112.94%
Selling & Dist: Costs	19,386	19,640	-1.29%
Admin: Expenses	187,933	156,624	19.99%
Other Expenses	65,382	-
Other Income	16,127	24,760	-34.87%
Profit from Operations	1,830,818	828,759	120.91%
Finance Cost	948,642	1,020,580	-7.05%
Profit/(Loss) before Taxation	882,176	(191,821)
Taxation	137,973	36,930	273.61%
Profit/(loss) for the year	1,020,149	(154,891)
Other Compre: Income	(4,975)	(2,057)
Total Compre: Income/(loss)	1,015,174	(156,948)
Earnings/(Loss) per Share - Basic	1.74	(1.35)
Earnings/(Loss) per Share - Diluted	1.31	-

Company release on Earnings Report can be accessed here.

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