Mughal Iron and Steel's annual profits soar by 30%

Jun-18

Jun-17

% Change

Sales

                            22,225,842,588

                            18,802,810,936

18.20%

Cost of sales

                         (19,431,430,949)

                         (16,837,364,157)

15.41%

Gross profit

                              2,794,411,639

                              1,965,446,779

42.18%

Sales and marketing expenses

                               (246,333,068)

                               (164,048,993)

50.16%

Administrative expenses

                               (312,900,945)

                               (265,074,820)

18.04%

Other charges

                               (115,353,477)

                                  (91,450,821)

26.14%

Other income

                                    36,364,018

                                    33,976,939

7.03%

Finance cost

                               (552,460,231)

                               (256,551,296)

115.34%

Profit before taxation

                              1,603,727,936

                              1,222,297,788

31.21%

Taxation

                               (313,513,004)

                               (231,537,873)

35.40%

Profit after taxation

                              1,290,214,932

                                  990,759,915

30.22%

Basic and diluted earnings per share

                                                 5.13

                                                 4.21

21.85%