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

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By 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 30th 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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