Linde Pakistan posts profits worth Rs. 240.033 million

Linde Pakistan today released financial statements for the half year ending December, 31st 2017. The company reported sales worth Rupees 4.412 billion whereas reporting a total of 240.033 million worth of profits for the period.

The company during the period reported a 96% increase in Other operating Expenses, however, also reporting an 30% increase in other income..

Linde Pakistan Management reported profit after taxation at Rupees 240.033 million rising by more than 10 percent during the period.

The management reported earnings per share of Rupees 9.59 per share against last year’s tally of Rupees 8.66 per share.

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Half Year Ended, December 30th 2017

Key Financials

2017

2016

% Change

 

Amounts in PKR ‘000

Net Sales

4,412,652

3,954,638

11.58%

Cost of Sales

3,420,925

3,058,644

11.84%

Gross Profit

991,727

895,994

10.68%

Distribution and Marketing Expenses

285,079

235,127

21.24%

Administrative Expenses

235,669

229,614

2.64%

Other Operating Expenses

62,813

32,046

96.01%

Operating Profit from Other Income

408,166

399,207

2.24%

Other Income

27,232

20,992

29.73%

Operating Profit

435,398

420,199

3.62%

Finance Costs

95,377

110,610

-13.77%

Profit before Taxation

340,021

309,589

9.83%

Taxation

99,988

92,703

7.86%

Profit after the year

240,033

216,886

10.67%

EPS – Basic and diluted

9.59

8.66

10.74%

Company release on Earnings Report can be accessed here.

Posted on: 2018-02-27T15:42:00+05:00