Ferozsons Laboratories Ltd profits fall 77.93% to Rs. 79.238 million
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MG News | February 19, 2018 at 03:54 PM GMT+05:00
Ferozsons Laboratories Ltd announced financial results for the half year ending December 31st, 2017. The company reported net revenue earned worth Rs. 2.223 billion during the half year against Rs. 2.308 billion same period last year; down 3.70% from last year.
Ferozsons Laboratories Ltd reported bottom-line profits worth Rs. 73.238 million with an EPS of 2.62/share.
| Unconsolidated Profit and Loss Account - For the Year Ended, December 31st 2017 | |||
|---|---|---|---|
| Key Financials | 2017 | 2016 | % Change |
| Amounts in PKR | |||
| Revenue - net | 2,223,383,744 | 2,308,846,396 | -3.70% |
| Cost of Sales | 1,443,479,655 | 1,237,847,803 | 16.61% |
| Gross Profit | 779,904,089 | 1,070,998,593 | -27.18% |
| Administrative Expenses | 151,868,393 | 136,393,046 | 11.35% |
| Selling and Administrative Expenses | 473,587,770 | 431,114,833 | 9.85% |
| Other Expenses | 28,194,640 | 41,612,113 | -32.24% |
| Other Income | 41,535,521 | 22,132,816 | 87.66% |
| Profit from Operations | 167,788,807 | 484,011,417 | -65.33% |
| Finance Costs | 6,402,928 | 10,345,386 | -38.11% |
| Profit before Taxation | 161,385,879 | 473,666,031 | -65.93% |
| Taxation | 82,146,927 | 114,578,321 | -28.31% |
| Profit after Taxation | 79,238,952 | 359,087,710 | -77.93% |
| EPS - Basic and diluted | 2.62 | 11.90 | -77.98% |
Company release on Earnings Report can be accessed here.
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