Earnings Report: Ferozsons Laboratories (PSX: FEROZ) today reported Financial Results for the Twelve months ended June 30, 2017

MG News | August 30, 2017 at 02:50 PM GMT+05:00

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Ferozsons Laboratories announced Financial Results for the period ended June 30, 2017.

The company’s Net Revenue for the period decreased by 57.67 percent in the outgoing year, whereas the Profit after Taxation for the Period decreased by 81 percent.

The board did not recommend any interim Cash Dividend, no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Twelve Months Ended
Key Financials	2017	2016	% Change
	Amounts in PKR
Net Revenue	4,311,441,718	10,186,496,154	-57.67%
Cost of Sales	2,534,669,504	6,077,657,868	-58.30%
Gross Profit	1,776,772,214	4,108,838,286	-56.76%
Admin: Expenses	289,129,914	276,235,535	4.67%
Selling & Dist: Expenses	913,763,385	1,033,035,251	-11.55%
Other Expenses	3,216,963	260,905,050	-98.77%
Other income	47,849,556	126,515,313	-62.18%
Profit from Operations	618,511,508	2,665,177,763	-76.79%
Finance Costs	16,293,573	11,152,570	46.10%
Profit before Taxation	602,217,935	2,654,025,193	-77.31%
Taxation	208,553,225	549,538,096	-62.05%
Profit after Taxation	393,664,710	2,104,487,097	-81.29%
EPS - Basic & diluted	13.04	69.72	-81.30%

Company release on Earnings Report can be accessed here.

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