Ghandhara Industries Ltd. profit rises 155% to Rs. 457 million

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MG News | October 24, 2017 at 12:20 PM GMT+05:00

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  • Ghandhara Industries Ltd. Sales for the period increased by 168.57%, amounting to a total of 4.01billion Rupees for the period ended September, 2017
  • Company’s Other expenses went up by around 766% during the period under review
  • The Profit after tax for the period surged by 155% reaching 457 million vs previous year’s profit of 180 million Rupees.
  • The company’s earnings per share reached 21.49 rupees.

Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Quarter Ended, September 30th 2017

Key Financials

2017

2016

% Change

 

Amounts in PKR ‘000

Sales

4,001,102

1,489,768

168.57%

Cost of Sales

3,129,702

1,129,557

177.07%

Gross Profit

871,400

360,211

141.91%

Distribution Expenses

92,228

47,971

92.26%

Administrative Expenses

35,740

22,701

57.44%

Other Expenses

51,067

5,897

765.98%

Other Income

2,426

17,518

-86.15%

Profit from Operations

694,791

301,160

130.70%

Finance Cost

11,661

19,883

-41.35%

Profit before Taxation

683,130

281,277

142.87%

Taxation

225,303

101,652

121.64%

PAT

457,827

179,625

154.88%

EPS - Basic & diluted

21.49

8.43

154.92%

Company release on Earnings Report can be accessed here.

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