Loads Limited posts profits worth Rs. 132.356 million

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.

Posted on: 2018-02-28T13:29:00+05:00