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

MG News | August 30, 2017 at 01:55 PM GMT+05:00

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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.

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