Lalpir Power Ltd suffers relapse on account of soaring finance cost

11:56
October 24, 2018
MG

October 24, 2018 (MLN): Lalpir Power Limited has reported a decline of 11.8% in its profits for the quarter ended 30th September 2018 due to augmented administrative expenses and finance cost, as compared to the corresponding period last year.

According to the financial results issued by the company, the top-line earnings fell by around 9%, but cost cutting led to 1% rise in gross profits

However, as administrative expenses increased by 30.24% (Rs.49 million) and finance cost increased by 15.47% (Rs.88 million), causing a relapse as profits decline from Rs.774.5 million to Rs.683 million.

The earnings per share of the company recorded a decline of 11.76% from Rs.2.04 per share to Rs.1.80 per share.

Financial Results for the Nine months ended September 30th 2018 ('000 Rupees)
	Sep-18	Sep-17	% Change
Revenue	14,260,143	15,654,271	-8.91%
Cost of Sales	(12,774,284)	(14,183,950)	-9.94%
Gross profit	1,485,859	1,470,321	1.06%
Administrative expenses	(214,538)	(164,725)	30.24%
Other expenses	(2,433)	(9,194)	-73.54%
Other income	71,276	47,149	51.17%
Profit from operations	1,340,164	1,343,551	-0.25%
Finance cost	(657,082)	(569,068)	15.47%
Profit before taxation	683,082	774,483	-11.80%
Taxation	–	–
Profit after taxation	683,082	774,483	-11.80%
Earnings per share – basic and diluted (Rupees)	1.80	2.04	-11.76%

Copyright Mettis Link News

Posted on: 2018-10-24T16:56:00+05:00

23854

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PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.20000	278.40000	278.40000	278.20000	01:03 PM
2	EUR	1.06510	1.06620	1.06620	1.06510	05:00 PM
3	GBP	1.23740	1.23760	1.23760	1.23740	05:00 PM
4	CHF	0.91040	0.91080	0.91080	0.91040	05:00 PM
5	JPY	154.60000	154.67000	154.67000	154.60000	05:00 PM
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7	AUD	0.64007	0.64304	0.64304	0.64007	05:00 PM
8	INR	83.35420	83.38660	83.38660	83.35420	05:00 PM
9	SAR	3.75120	3.75140	3.75140	3.75120	01:59 AM
10	AED	3.67210	3.67310	3.67310	3.67210	11:59 PM
11	HKD	7.83250	7.83297	7.83297	7.83250	05:00 PM
12	CNH	7.22680	7.22880	7.22880	7.22680	05:00 PM
13	CNY	7.24030	7.24040	7.24040	7.24030	07:10 PM
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15	MYR	4.78150	4.78650	4.78650	4.78150	12:29 PM
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17	SGD	1.36000	1.36320	1.36320	1.36000	05:00 PM
18	NZD	0.58447	0.59277	0.59277	0.58447	05:00 PM
19	MXN	17.08190	17.11540	17.11540	17.08190	05:00 PM
20	TRY	32.49910	32.50910	32.50910	32.49910	05:00 PM
21	SEK	10.89960	10.92770	10.92770	10.89960	05:00 PM
22	ZAR	18.77030	19.81970	19.81967	18.77030	05:00 PM
23	NOK	10.97640	11.12380	11.12381	10.97640	05:00 PM
24	DKK	7.00160	7.00260	7.00260	7.00160	05:00 PM
25	ARS	871.23800	871.24600	871.24608	871.23764	04:59 PM
26	BDT	108.06500	111.44600	111.44612	108.06470	07:19 AM
27	BHD	0.37700	0.37710	0.37710	0.37700	08:32 PM
28	BRL	5.20080	5.20380	5.20380	5.20080	05:00 PM
29	KRW	1,373.57000	1,375.57000	1,375.57000	1,373.57000	05:00 PM
30	KWD	0.30836	0.30846	0.30846	0.30836	01:56 AM
31	LKR	298.75800	305.33300	305.33326	298.75827	07:19 AM
32	OMR	0.38498	0.38515	0.38515	0.38498	01:57 AM
33	QAR	3.64600	3.64900	3.64900	3.64600	01:59 AM
34	RUB	93.20000	94.60000	94.60000	93.20000	12:48 PM
35	AFN	71.00000	73.00000	73.00000	71.00000	11:05 AM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:27 AM
37	TMT	3.36000	3.66000	3.66000	3.36000	12:29 PM
38	MVR	15.25000	15.65000	15.65000	15.25000	12:35 PM
39	UZS	12,670.00000	12,740.00000	12,740.00000	12,670.00000	01:07 PM
40	PHP	57.45800	57.68800	57.68800	57.45800	05:00 PM
42	NGN	1,149.00000	1,153.00000	1,153.00000	1,149.00000	12:36 PM
43	KES	133.00000	134.00000	134.00000	133.00000	12:10 PM
44	AMD	392.60000	392.60000	392.60000	392.60000	07:55 AM
45	TWD	32.53300	32.53900	32.53900	32.53300	05:00 PM
46	XAU	2,392.03000	2,392.71000	2,392.71000	2,392.03000	04:59 PM
47	XAG	28.68220	28.69680	28.69680	28.68220	04:59 PM
48	XPT	931.58700	937.31300	937.31280	931.58720	02:00 AM
49	XPD	1,026.51000	1,034.34000	1,034.33590	1,026.50920	02:00 AM
2,120	VES	36.25120	36.34210	36.34210	36.25125	12:29 PM
2,212	UGX	3,768.41000	3,852.95000	3,852.94560	3,768.40998	07:19 AM
2,213	TZS	2,591.49000	2,591.51000	2,591.51500	2,591.48500	11:41 AM

Data is delayed by 20 minutes

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Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	70,968.98	70,909.904	70,186.93	619.785	0.882	214,724,945.0	13,651,927,649.760	19/04/2024 05:13 PM
ALLSHR	46,573.62	46,547.234	46,105.96	339.379	0.735	475,634,499.0	23,214,193,723.360	19/04/2024 05:13 PM
KSE30	23,393.38	23,376.569	23,058.97	282.759	1.224	116,554,680.0	11,831,374,214.290	19/04/2024 05:13 PM
KMI30	118,779.97	118,572.725	117,247.45	1,218.125	1.038	148,956,005.0	11,119,881,421.450	19/04/2024 05:13 PM
KMIALLSHR	33,051.27	33,022.390	32,695.54	298.524	0.912	317,804,569.0	19,951,289,708.390	19/04/2024 05:13 PM
BKTi	17,861.34	17,826.912	17,489.40	244.864	1.393	16,782,769.0	1,601,100,031.210	19/04/2024 05:13 PM
OGTi	16,766.60	16,652.098	16,435.08	192.159	1.167	13,610,174.0	1,842,349,761.040	19/04/2024 05:13 PM

Data is delayed by 20 minutes

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Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	63,810.0	65,640.0	59,635.0	150.00
BRENT CRUDE	EB	87.2	90.8	86.2	0.10
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-6.15
ROTTERDAM COAL MONTHLY	ET	120.0	0.0	0.0	-0.35
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	82.1	85.6	81.1	0.04
SUGAR #11 WORLD	SB	19.6	19.8	19.3	0.03

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