Hi-Tech Lubricants (HTL) today announced financial results for the nine months period ending 31 March, 2018 reporting Sales – Net worth Rs. 7.491 billion. Furthermore, the company’s net sales after taxes during the outgoing nine months rose by 18.92 percent to reach 6.726 billion.
HTL Gross Profit for the period went up by 3.58 percent with Cost of sales rising by 24.20 percent to reach 5.226 billion during the outgoing nine months.
On the expenses front, HTL reported a 3.31 percent jump in Distribution Costs, 36.11 percent increase in Administrative Expenses and 225 percent uptick in Other Expenses cumulatively taking away more than 741.974 million from the bottom-line.
Hi-Tech Lubricants reported profit after taxation at Rs. 442.1 million down by 20.54 percent from 556.397 million last year translating into an EPS of Rs. 3.81 vs. an EPS of Rs 4.8 during the nine months ending March, 2017.
|
Unconsolidated Profit and Loss Account – For the Nine Months Ended, March 30th 2018 |
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|---|---|---|---|
|
Key Financials |
March, 2018 |
March, 2017 |
% Change |
|
Amounts in PKR |
|||
|
Sales – Net |
7,491,366,026 |
6,413,575,934 |
16.80% |
|
Sales Tax |
764,611,564 |
757,015,320 |
1.00% |
|
Net Sales |
6,726,754,462 |
5,656,560,614 |
18.92% |
|
Cost of Sales |
5,226,869,749 |
4,208,542,126 |
24.20% |
|
Gross Profit |
1,499,884,713 |
1,448,018,488 |
3.58% |
|
Distribution Cost |
547,218,783 |
529,666,831 |
3.31% |
|
Adminsitrative Expenses |
266,274,121 |
195,626,291 |
36.11% |
|
Other Expenses |
54,279,368 |
16,681,526 |
225.39% |
|
Other Income |
77,613,279 |
71,903,143 |
7.94% |
|
Profit from Oeprations |
709,725,721 |
775,946,983 |
-8.53% |
|
Finance Cost |
60,928,920 |
23,490,439 |
159.38% |
|
Profit before Taxation |
648,796,801 |
752,456,543 |
-13.78% |
|
Taxation |
206,696,800 |
196,059,346 |
5.43% |
|
Profit after Taxation |
442,100,001 |
556,397,197 |
-20.54% |
|
EPS |
3.81 |
4.80 |
-20.63% |
Company release on Earnings Report can be accessed here.
