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

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.

Posted on: 2017-09-25T10:33:00+05:00
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