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% |
22534
