ICI Pakistan Limited profits rise by 2.88 percent to Rs. 2.464 billion

ICI Pakistan Limited (ICI) today announced financial results for the nine months period ending 31 March, 2018 reporting Net Turnover at Rs. 36.133 billion. Furthermore, the company’s Gross Profit jumped at Rs. 6.619 billion during the outgoing nine months.

On the expenses front, ICI reported 10.30 percent increase in Selling & Distribution Expenses, 48.37 percent decrease in Administrative & General Expenses, whereas, other charges at the company jumped 69.76 percent during the period.

Furthermore, ICI also reported a 335.950 worth of Exchange Loss, coupled with a dividend income of Rs. 320 million and other income of 60.850 million.

ICI Pakistan Limited reported profit after taxation at Rs. 2.832 billion against Rs. 2.396 billion during the same period last year translating into an EPS of Rs. 26.69 vs. an EPS of Rs. 25.94 during the nine months ending March, 2017. 

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Nine Months Ended, March 30th 2018

Key Financials

March, 2018

March, 2017

% Change

 

Amounts in PKR’ 000

Turnover

40,882,009

34,751,114

17.64%

Sales Tax

2,171,860

1,945,695

11.62%

Commission and Discounts

2,577,100

2,561,361

0.61%

Net Turnover

36,133,049

30,244,058

19.47%

Cost of Sales

29,513,132

24,601,239

19.97%

Gross Profit

6,619,917

5,642,819

17.32%

Selling and Distribution Expenses

2,095,182

1,899,600

10.30%

Administration and General Expenses

1,106,891

746,050

48.37%

Operating Results

3,417,844

2,997,169

14.04%

Finance Cost

388,546

279,342

39.09%

Exchange (loss)/Gain

(335,950)

348

 

Other Charges

34,656

20,415

69.76%

Dividend Income

320,000

629,000

-49.13%

Other Income

60,805

67,296

-9.65%

Profit before Taxation

2,832,552

3,162,963

-10.45%

Taxation

367,575

766,951

-52.07%

Profit after Taxation

2,464,977

2,396,012

2.88%

EPS – Basic and diluted

26.69

25.94

2.89%

Company release on Earnings Report can be accessed here.

Posted on: 2018-04-24T15:13:00+05:00