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