Loads Limited posts profits worth Rs. 132.356 million

MG News | February 28, 2018 at 01:29 PM GMT+05:00

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Loads Limited today released financial statements for the half year ending December, 31^st 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 30^th 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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