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
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
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.
