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

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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, 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
Comparison of Key Financials

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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