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

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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.

Comparison of Key Financials

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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