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

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

-