Hi-Tech Lubricants Ltd. Net Sales for the period increased by 30%, amounting to a total of 2.03 billion rupees during the quarter ended September, 30th 2017
Company’s Gross Profit increased by 2.20%
Company’s finance costs increased by 352.2% to 17 million
The Profit after tax for the period increased 4% reaching 117 million compared to same period last year’s profit of 113 million rupees.
The company’s earnings per share reached 1.02 Rupees, down by 4%
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Quarter Ended, September 30th 2017
Key Financials
2017
2016
% Change
Amounts in PKR
Sales – net
2,244,982,470
1,890,752,833
18.73%
Sales Tax
208,082,831
322,104,314
-35.40%
Net Sales
2,036,899,639
1,568,648,519
29.85%
Cost of Sales
1,616,508,481
1,157,298,873
39.68%
Gross Profit
420,391,158
411,349,646
2.20%
Distribution Cost
154,199,730
180,228,910
-14.44%
Administrative Expenses
83,947,419
65,305,492
28.55%
Operating Profit
189,828,995
182,548,232
3.99%
Finance Cost
17,227,776
3,809,703
352.21%
Profit before Taxation
172,601,219
178,738,529
-3.43%
Taxation
54,604,018
65,144,026
-16.18%
PAT
117,997,201
113,594,503
3.88%
EPS
1.02
0.98
4.08%
Company release on Earnings Report can be accessed here.
