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

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

The company’s Net Sales for the period increased by 12.75 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 17.09 percent.

                Comparison of Key Financials

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%

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-08-25T14:44:00+05:00