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.
