MLCF reports 40% falloff in cumulative profits due to marginal growth in volumes

Dec-18

Dec-17

% Change

Sales - net

               12,249,110

               12,220,840

0.23%

Cost of Sales

               (8,874,126)

               (8,097,460)

9.59%

Gross profit

                 3,374,984

                 4,123,380

-18.15%

Distribution cost

                   (389,604)

                   (340,642)

14.37%

Administrative expenses

                   (357,812)

                   (304,061)

17.68%

Other charges

                   (178,745)

                   (268,075)

-33.32%

                   (926,161)

                   (912,778)

1.47%

Other income

                       19,978

                       47,711

-58.13%

Profit from operations

                 2,468,801

                 3,258,313

-24.23%

Finance cost

                   (720,680)

                   (330,487)

118.07%

Profit before taxation

                 1,748,121

                 2,927,826

-40.29%

Taxation

                   (413,398)

                   (680,138)

-39.22%

Profit after taxation

                 1,334,723

                 2,247,688

-40.62%

Basic and diluted earnings per share (Rupees)

                            2.25

                            4.12

-45.39%