Loads Limited today released financial statements for the half year ending December, 31st 2017. The company reported net sales worth Rupees 2.190 billion whereas reporting a total of 132.356 million worth of profits for the period.
The company during the period reported a 16% increase in Administrative & Selling Expenses and a 66% increase in Other Income.
Loads Limited Management reported profit after taxation at Rupees 132.356 million rising by 2.8 percent during the period against last year’s profit of Rupees 128.687 million.
The management reported earnings per share of Rupees 0.88 per share against last year’s Rupees 1.12 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
Revenue
2,190,126,926
2,118,581,691
3.38%
Cost of Sales
1,920,012,272
1,867,978,254
2.79%
Gross Profit
270,114,654
250,603,437
7.79%
Administrative and Selling Expenses
90,639,740
78,346,618
15.69%
Other Expenses
11,521,451
10,978,385
4.95%
Other Income
32,208,592
19,366,805
66.31%
Operating Profit
200,162,055
180,645,239
10.80%
Financial Charges
22,383,901
34,221,411
-34.59%
Profit before Taxation
171,031,191
169,737,867
0.76%
Taxation
38,674,571
41,050,652
-5.79%
Profit after Taxation
132,356,620
128,687,215
2.85%
EPS – Basic and diluted
0.88
1.12
-21.43%
Company release on Earnings Report can be accessed here.