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.
