Earnings Report: Pakistan Gum & Chemicals Ltd. (PSX: PGCL) today reported Financial Results for the Three and Six months ended June 30, 2017
MG News | August 24, 2017 at 12:29 PM GMT+05:00
Pakistan Gum & Chemicals Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Net Sales for the period increased by 61 percent in the outgoing year, whereas the company suffered losses in the period.
The board has recommended no Cash Dividend, any bonus or right shares.
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 | 339,179 | 211,026 | 61% |
| Cost of Sales | 325,875 | 227,203 | 43% |
| Gross Profit | 13,304 | (16,177) | -182% |
| Shipping Expenses | 12,268 | 5,496 | 123% |
| Admin: Expenses | 27,719 | 24,888 | 11% |
| Other Operating Expenses | 123 | 87 | 41% |
| Other Income | 4,106 | 4,032 | 2% |
| Operating (Loss) before Finance Costs | (22,700) | (42,616) | |
| Finance Cost | 1,321 | 680 | 94% |
| (Loss) before Taxation | (24,021) | (43,296) | |
| Taxation | 3,793 | 1,844 | 106% |
| (Loss) after Taxation | (27,814) | (45,150) | |
| (Loss)/EPS - Basic and Diluted | (6.55) | (10.62) |
Company release on Earnings Report can be accessed here.
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