Linde Pakistan profit for 9MFY17 rises 35% to Rs. 198 million

MG News | October 26, 2017 at 04:33 PM GMT+05:00

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Linde Pakistan Net Sales for the period increased by 11.36%, amounting to a total of 3.28 billion Rupees during the nine months ended September, 30^th 2017
Company’s Gross Profit for the period increased by 12.02% to a total of 742 million
The Profit after tax for the period increased 35% reaching 198 million compared to previous year’s nine months profits of Rs. 146 million rupees.
The company’s earnings per share reached 7.91 rupees per share against 5.87 rupees same period last year

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Nine Months Ended, September 30^th 2017
Key Financials	2017	2016	% Change
	Amounts in PKR ‘000
Sales (Net)	3,285,321	2,950,119	11.36%
Cost of Sales	2,542,816	2,287,259	11.17%
Gross Profit	742,505	662,860	12.02%
Distribution and Administration Expenses	194,707	194,489	0.11%
Other Operating Expenses	45,474	20,643	120.29%
Operating profit before other income	320,925	271,245	18.32%
Other income	20,421	12,481	63.62%
Operating Profit	341,346	283,726	20.31%
Finance Costs	73,404	83,147	-11.72%
Profit before Taxation	267,942	200,579	33.58%
Taxation	69,781	53,640	30.09%
Profit for the period	198,161	146,939	34.86%
Eps - Basic and diluted	7.91	5.87	34.75%

Company release on Earnings Report can be accessed here.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,490.00	64,680.00 64,120.00	405.00 0.63%
BRENT CRUDE	75.22	77.52 75.22	-1.08 -1.42%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-2.20 -2.04%
ROTTERDAM COAL MONTHLY	118.00	118.00 117.60	-1.20 -1.01%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	71.51	73.16 70.77	-0.57 -0.79%
SUGAR #11 WORLD	14.86	15.14 14.71	-0.26 -1.72%