Earnings Report: Highnoon Laboratories (PSX: HINOON) today reported Financial Results for the Three and Six months ended June 30, 2017

Unconsolidated Profit and Loss Account - For the Six Months Ended

Key Financials

Jan - June, 2017

Jan - Jun, 2016

% Change

Amounts in PKR ‘000

Net Sales

2,857,837,915

2,534,727,427

12.75%

Cost of Sales

1,460,114,048

1,316,732,326

10.89%

Gross Profit

1,397,723,867

1,217,995,101

14.76%

Dist:, Selling and Promo: Expenses

752,833,011

663,745,988

13.42%

Admin: and General Expenses

131,283,442

114,538,893

14.62%

R&D Expenses

1,816,843

1,626,054

11.73%

Other Operating Expenses

44,945,909

38,338,786

17.23%

Operating Profit

466,844,662

399,745,380

16.79%

Other Income

13,730,982

8,406,682

63.33%

Finance Costs

2,353,126

3,271,006

-28.06%

Profit before Taxation

478,222,518

404,881,056

18.11%

Taxation

161,028,030

133,974,995

20.19%

PAT

317,194,488

270,906,061

17.09%

EPS - Basic and Diluted

12.42

10.61

17.06%