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HomeEquityHalf Yearly Profits for Engro PowerGen Qadirpur increase by 3%

Half Yearly Profits for Engro PowerGen Qadirpur increase by 3%

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

                                      –   

                                      –  

 

Profit before Taxation

                       1,589,824

                       1,546,214

2.82%

Taxation

                                 (190)

                                 (276)

-31.16%

Profit for the Period

                       1,589,634

                       1,545,938

2.83%

Earnings per share – basic and diluted

                                  4.91

                                  4.77

2.94%

 

 

 

 

 

 

Posted on: 2018-08-08T13:35:00+05:00

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