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
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.
| 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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