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.
