Ghandhara Industries Limited profits increase by 101.11 percent to Rs. 1.262 billion

MG News | April 25, 2018 at 10:22 AM GMT+05:00

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Ghandhara Industries Limited (GHNI) today announced financial results for the nine months period ending 31 March, 2018 reporting Sales at Rs. 11.565 billion; an increase of 85.47 percent. Furthermore, the company’s Gross Profit rose to Rs. 2.412 from Rs. 1.303 billion last year during the outgoing six months.

On the expenses front, GHNI reported a 95.99 percent increase in Distribution Costs, 87.73 percent increase in Administrative Expenses, whereas, other expenses incurred by the company went up by 161.55 percent as well during the period.

Furthermore, GHNI also reported a 180.2 percent increase in Other Income reaching Rs. 125.767 million during the nine months.

Ghandhara Industries Limited reported profit after taxation at Rs. 1.262 billion against Rs. 627.713 million during the same period last year translating into an EPS of Rs. 59.26 vs. an EPS of Rs. 29.46 during the nine months ending March, 2017.

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the NineMonths Ended, March 30^th 2018
Key Financials	March, 2018	March, 2017	% Change
	Amounts in PKR’ 000
Sales-net	11,565,648	6,235,963	85.47%
Cost of Sales	9,152,782	4,932,251	85.57%
Gross Profit	2,412,866	1,303,712	85.08%
Distribution Cost	373,386	190,508	95.99%
Administrative Expenses	163,773	87,239	87.73%
Other Expenses	132,411	50,626	161.55%
Other Income	125,767	44,885	180.20%
Profit from Operations	1,869,063	1,020,224	83.20%
Finance Cost	118,980	117,977	0.85%
Profit before Taxation	1,750,083	902,247	93.97%
Taxation	487,685	274,534	77.64%
Profit after Taxation	1,262,398	627,713	101.11%
EPS - Basic and diluted	59.26	29.46	101.15%

Company release on Earnings Report can be accessed here.

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