International Industries profit rises 30% to Rs. 1.06 billion

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By MG News | October 20, 2017 at 11:15 AM GMT+05:00

0:00
  • International Industries Net Sales for the period increased by 57%, amounting to a total of 14.2 billion Rupees during the Quarter ended September, 30th 2017
  • Company’s Gross Profit increased by 38%
  • The Profit after tax for the period increased 30% reaching 1.06 billion compared to same period last year’s profit of 772 million Rupees.
  • The company’s earnings per share reached 5.5 Rupees/Share
Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Quarter Ended, September 30th 2017

Key Financials

2017

2016

% Change
 

Amounts in PKR ‘000

Net Sales

14,203,309

9,057,730

56.81%

Cost of Sales

11,937,559

7,417,002

60.95%

Gross Profit

2,265,750

1,640,728

38.09%

Selling and Distribution Expenses

355,349

233,641

52.09%

Administrative Expenses

124,124

109,812

13.03%

Financial Charges

238,165

173,237

37.48%

Profit before Taxation

1,484,855

1,083,137

37.09%

Taxation

478,378

310,859

53.89%

Profit after Taxation

1,006,477

772,278

30.33%

EPS - Basic & diluted

5.50

4.40

25.00%

Company release on Earnings Report can be accessed here.

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