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

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 30th 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.

Posted on: 2018-04-25T10:22:00+05:00