Earnings Report: Singer Pakistan (PSX: SING) today reported Financial Results for the Three and Six months ended June 30, 2017

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.

Posted on: 2017-08-30T13:55:00+05:00