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MPS Preview: High for Longer

EPQL observes slight increase in quarterly profits by 6.5%

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April 17, 2019 (MLN):  Engro Powergen  Qadirpur Limited (EPQL) has reported its Profit after Tax for the quarter ended March 31, 2019, at 713 thousand Rupees, depicting a slight increase of 6.5% compared to same period last year.

The company was able to earn profits due to 31% decline in administrative expenses and 33% decline in company's other expenses.

Moreover, the company’s Earnings per Share (EPS) stood at Rs. 2.2, which is almost the same as that of same period last year.  

Profit and Loss Account for the Quarter  ended March 31st  2019 (Rupees)

 

Mar-19

Mar-18

% Change

Sales

 3,298,774

 2,842,773

16.04%

Cost of Sales

 (2,507,265)

 (2,081,572)

20.45%

Gross Profit

 791,509

 761,201

3.98%

Administrative Expenses

 (21,859)

 (31,638)

-30.91%

Other Expenses

 (13,671)

 (20,503)

-33.32%

Other Income

 257

 –  

 

Profit from Operations

 756,236

 709,060

6.65%

Finance Cost

 (41,026)

 (39,878)

2.88%

Workers' profits perticipation fund and Workers' welfare fund

 –  

 –  

 

Profit before Taxation

 715,210

 669,182

6.88%

Taxation

 (2,258)

 (93)

2327.96%

Profit for the Period

 712,952

 669,089

6.56%

Earnings per share – Basic and Diluted

2.2

 2.07

6.28%

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Posted on: 2019-04-17T14:36:00+05:00

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