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

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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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