Singer Pakistan announced Financial Results for the period ended June 30, 2017.
The company’s Sales for the period increased by 38.29 percent in the outgoing year, whereas the company went ahead and erased previous HY losses to make a profit of 65 Million PKR.
The board did not recommend any Cash Dividend, no 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
Sales
1,264,478
914,383
38.29%
Sales tax and discount
209,342
122,874
70.37%
Cost of Sales
658,873
579,273
13.74%
Gross Margin
396,263
212,236
86.71%
Marketing, selling and dist: expenses
237,144
214,241
10.69%
Admin: Expenses
22,746
38,229
-40.50%
Other Expenses
16,158
2,218
628.49%
Other income
36,803
19,247
91.21%
Earned carrying charges
34,712
73,707
-52.91%
Finance Cost
82,808
67,967
21.84%
Profit/(loss) before Taxation
108,922
(17,465)
Taxation
43,318
670
Profit/(loss) for the year
65,604
(16,795)
EPS – Basic & Diluted
1.44
(0.73)
Company release on Earnings Report can be accessed here.
