Ferozsons’ bottom-line earnings lift up by 49%

April 17, 2019 (MLN): Ferozsons laboratories Limited has reported bottom-line earnings of over Rs. 154 million (EPS: Rs. 5.12) for the nine months ended March 31, 2019, i.e. around 49% higher than the net earnings of the same period last year.  

The company mainly benefited from a massive decline in tax payments by 33% and a decline in cost of sales by around 3%, which led to an increase in companies profits.

While major expense heads such as administrative expenses, distribution expenses, finance cost and other expenses increased by a fair margin, the overall impact on the company’s ultimate earnings was still impressive.

 

Profit and Loss Account for the nine months ended March 31st  2019 (Rupees)

 

Mar-19

Mar-18

% Change

Sales

 3,583,420,213

 3,384,337,118

5.88%

Cost of Sales

 (2,133,205,241)

 (2,196,149,013)

-2.87%

Gross Profit

 1,450,214,972

 1,188,188,105

22.05%

Administrative Expenses

 (254,753,550)

 (227,480,447)

11.99%

Selling and distribution expenses

 (941,780,059)

 (779,954,450)

20.75%

Other Expenses

 (65,619,640)

 (42,417,039)

54.70%

Other Income

 64,718,795

 95,953,950

-32.55%

Profit from Operations

 252,780,518

 234,290,119

7.89%

Finance Cost

 (17,423,336)

 (9,115,711)

91.14%

Profit before Taxation

 235,357,182

 225,174,408

4.52%

Taxation

 (80,656,268)

 (121,464,154)

-33.60%

Profit for the Period

 154,700,914

 103,710,254

49.17%

Earnings per share – Basic and Diluted

5.12

 3.44

48.84%

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Posted on: 2019-04-17T16:21:00+05:00

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