Linde Pakistan posts profits worth Rs. 240.033 million
By MG News | February 27, 2018 at 03:42 PM GMT+05:00
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.
| 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.
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