Gharibwal Cement Co. ltd. profit for 1QFY18 falls 32% to Rs. 301 million

MG News | October 27, 2017 at 01:09 PM GMT+05:00

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Gharibwal Cement Co net sales for the period increased by 8.19%, amounting to a total of 2.69 billion Rupees during the three months ended September, 30^th 2017
Company’s selling and distribution expenses for the period decreased by 22.45% to 5.89 million
The Profit after tax for the period decreased 32% reaching 301 million against last year quarterly profits of Rs. 444 million
The company’s earnings per share reached rupees 0.75 against 1.11 rupees in 2016

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Quarter Ended, September 30^th 2017
Key Financials	2017	2016	% Change
	Amounts in PKR ‘000
Net sales	2,691,671	2,487,968	8.19%
Cost of sales	2,044,325	1,642,034	24.50%
Gross Profit	647,346	845,934	-23.48%
General and administration expenses	99,113	109,095	-9.15%
Selling and distribution expenses	5,897	7,604	-22.45%
Other expenses	31,359	44,800	-30.00%
Profit from operations	511,577	684,435	-25.26%
Other income	7,090	5,189	36.64%
Finance costs	95,601	60,621	57.70%
Profit before taxation	423,066	629,003	-32.74%
Taxation	121,269	184,711	-34.35%
Profit after taxation	301,797	444,292	-32.07%
EPS - Basic and diluted	0.75	1.11	-32.43%

Company release on Earnings Report can be accessed here.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	78,110.00	0.00 0.00	95.00 0.12%
BRENT CRUDE	105.88	107.48 103.41	0.81 0.77%
RICHARDS BAY COAL MONTHLY	104.00	104.00 104.00	-1.05 -1.00%
ROTTERDAM COAL MONTHLY	103.50	106.70 102.75	-2.00 -1.90%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	94.88	0.00 0.00	0.48 0.51%
SUGAR #11 WORLD	14.10	14.16 13.87	0.21 1.51%