Gharibwal Cement Limited (GWLC) today announced financial results for the nine months period ending 31 March, 2018 reporting Net Sales earned worth Rs. 8.512 billion. Furthermore, the company’s Gross Profit for the year fell by 28.57 percent reaching at Rs. 2.061 billion during the outgoing nine months.
On the expenses front, GWLC reported 13.77 percent increase in General & Administration Expenses, 14.34 percent decrease in Selling & Distribution Expenses with a 18.15 percent dip in Other Expenses, whereas, other Gharibwal’s other income also decreased by 33.09 percent during the period.
Gharibwal Cement Limited reported profit after taxation at Rs. 1 billion down from 1.701 billion last year translating into an EPS of Rs. 2.50 vs. an EPS of Rs. 4.25 during the nine months ending March, 2017.
Unconsolidated Profit and Loss Account – For the Nine Months Ended, March 30th 2018 | |||
|---|---|---|---|
Key Financials | March, 2018 | March, 2017 | % Change |
Amounts in PKR’ 000 | |||
Net Sales | 8,512,585 | 8,370,193 | 1.70% |
Cost of Sales | 6,451,276 | 5,484,280 | 17.63% |
Gross Profit | 2,061,309 | 2,885,913 | -28.57% |
General and Administrative Expenses | 276,492 | 243,030 | 13.77% |
Selling and Distribution Expenses | 17,574 | 20,517 | -14.34% |
Other Expenses | 101,733 | 124,294 | -18.15% |
Other Income | 19,889 | 29,725 | -33.09% |
Finance Cost | 298,729 | 201,270 | 48.42% |
Profit before Taxation | 1,386,670 | 2,326,527 | -40.40% |
Taxation | 386,433 | 625,492 | -38.22% |
Profit after Taxation | 1,000,237 | 1,701,035 | -41.20% |
EPS – Basic and diluted | 2.50 | 4.25 | -41.18% |
Company release on Earnings Report can be accessed here.
