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

By MG News | August 24, 2017 at 12:29 PM GMT+05:00

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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.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	107,005.00	108,105.00 106,865.00	-1230.00 -1.14%
BRENT CRUDE	66.64	66.97 66.34	-0.10 -0.15%
RICHARDS BAY COAL MONTHLY	97.00	0.00 0.00	0.20 0.21%
ROTTERDAM COAL MONTHLY	103.80	103.80 103.80	-3.45 -3.22%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	65.01	65.32 64.67	-0.10 -0.15%
SUGAR #11 WORLD	15.92	16.21 15.91	-0.28 -1.73%