Linde Pakistan posts profits worth Rs. 240.033 million

MG News | February 27, 2018 at 03:42 PM GMT+05:00

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Linde Pakistan today released financial statements for the half year ending December, 31^st 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 30^th 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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