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.