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.
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.
