Engro PowerGen Qadirpur issued a report of their financial earnings for the Half Year ended on June 30th 2018. The earnings were finalized in a Board of Director’s meeting held on August 8th 2018.
Accroding to the report, as compared to the half year ending on June 30th 2017, the company’s Sales dropped by around 2%, yet the Gross Profits increase by 7%.
EPQL reduced their Other Expenses largely, by 78%, but Other income also suffered a drop of 99%.
An additional reduction in finance cost, of around 25% lead the company to have an overall increase in profit of 3%.
Earnings per share (basic and diluted) are reports to have increased from Rs.4.77 per share last year to Rs.4.91 per share this year, showing an increase of 2.94%
Financial Earnings for the Half Year Ended June 30th 2018 (Rupees)
Jun-18
Jun-17
% Change
Sales
6,032,422
6,151,505
-1.94%
Cost of Sales
(4,239,735)
(4,469,508)
-5.14%
Gross Profit
1,792,687
1,681,997
6.58%
Administrative Expenses
(94,176)
(96,465)
-2.37%
Other Expenses
(407)
(1,875)
-78.29%
Other Income
1,129
110,028
-98.97%
Profit from Operations
1,699,233
1,693,685
0.33%
Finance Cost
(109,409)
(147,471)
-25.81%
Workers' profits participation fund and Workers' Welfare Fund
