Linde Pakistan profit for 9MFY17 rises 35% to Rs. 198 million
MG News | October 26, 2017 at 04:33 PM GMT+05:00
- 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, 30th 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
| Unconsolidated Profit and Loss Account - For the Nine Months Ended, September 30th 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.
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