Earnings Report: Pakistan Gum & Chemicals Ltd. (PSX: PGCL) today reported Financial Results for the Three and Six months ended June 30, 2017

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.

Posted on: 2017-08-24T12:29:00+05:00