Ferozesons Laboratories Ltd. profits fall 77.78 percent to Rs. 103.710 million

MG News | April 23, 2018 at 12:29 PM GMT+05:00

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Ferozesons Laboratories Limited (FEROZ) today announced financial results for the nine months period ending 31 March, 2018 reporting Net Revenue at Rs. 3.397 billion. Furthermore, the company’s Gross Profit after subtracting the cost of sales from revenue during the outgoing nine months fell by 17.32 percent to reach 1.201 billion.

On the expenses front, Feroze Labs reported a 10.08 percent increase in Administrative Expenses, a 24.37 percent increase in Selling & Distribution Expenses as well.

FEROZ reported profit after taxation at Rs. 103.710 million down by 77.78 percent from 466.650 million last year translating into an EPS of Rs. 3.44 vs. an EPS of Rs 15.46 during the nine months ending March, 2017.

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Nine Months Ended, March 30^th 2018
Key Financials	March, 2018	March, 2017	% Change
	Amounts in PKR
Net Revenue	3,397,708,484	3,175,089,688	7.01%
Cost of Sales	2,196,149,013	1,721,822,556	27.55%
Gross Profit	1,201,559,471	1,453,267,132	-17.32%
Adminsitrative Expenses	227,480,447	206,644,771	10.08%
Selling and Distribution Expenses	793,325,816	637,892,515	24.37%
Other Expenses	42,417,039	46,233,066	-8.25%
Other Income	95,953,950	37,469,248	156.09%
Profit from Operations	234,290,119	599,966,028	-60.95%
Finance Costs	9,115,711	13,550,758	-32.73%
Profit before Taxation	225,174,408	586,415,270	-61.60%
Taxation	121,464,154	119,764,560	1.42%
Profit after Taxation	103,710,254	466,650,710	-77.78%
EPS - Basic and diluted	3.44	15.46	-77.75%

Company release on Earnings Report can be accessed here.

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