Loads Limited posts profits worth Rs. 132.356 million
MG News | February 28, 2018 at 01:29 PM GMT+05:00
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.
| 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.
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