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
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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