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.
|
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.
