Feroze 1888 Mills profit for 1QFY18 falls 20.49% to Rs. 432 million

MG News | October 30, 2017 at 11:48 AM GMT+05:00

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Feroze 1888 Mills Net Sales for the period increased by 9.07%, amounting to a total of 5.22 billion Rupees during the Quarter ended September, 30^th 2017
Company’s Gross Profit for the quarter decreased by 5.89% from 965 million to 908 million rupees
The Profit after tax for the period decreased 20.49% reaching 432 million compared to profit of 543.66 million rupees during the same period last year
The company’s earnings per share reached 1.15 rupees per share from last year’s quarterly EPS of 1.44 per share

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Quarter Ended, September 30^th 2017
Key Financials	2017	2016	% Change
	Amounts in PKR ‘000
Sales - net	5,223,837	4,761,029	9.72%
Cost of sales	4,315,281	3,795,610	13.69%
Gross profit	908,556	965,419	-5.89%
Administrative expenses	213,521	185,302	15.23%
Distribution costs	143,691	121,519	18.25%
Other operating costs	60,553	38,242	58.34%
Operating profits	490,791	620,356	-20.89%
Finance costs	22,582	22,788	-0.90%
Profit before Taxation	468,209	597,568	-21.65%
Taxation	35,962	53,904	-33.29%
Profit after Taxation	432,247	543,664	-20.49%
EPS - Basic and diluted	1.15	1.44	-20.14%

Company release on Earnings Report can be accessed here.

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