Mughal Iron & Steel Industries Limited (MUGHAL) today announced financial results for the nine months period ending 31 March, 2018 reporting Sales earned worth Rs. 16.620 billion. Furthermore, the company’s Gross Profit for the year jumped up by 57.29 percent at 2.115 billion during the outgoing nine months.
On the expenses front, MUGHAL reported 102.94 percent increase in Marketing & Distribution Costs, 24.3 percent increase in Administrative Expenses, whereas, other charges at the company increased by 48.91 percent during the period.
Mughal Steel & Iron Steel Limited reported profit after taxation at Rs. 946.886 million up from 726.932 million last year translating into an EPS of Rs. 3.76 vs. an EPS of Rs. 3.10 during the nine months ending March, 2017.
Unconsolidated Profit and Loss Account – For the Nine Months Ended, March 30th 2018 | |||
|---|---|---|---|
Key Financials | March, 2018 | March, 2017 | % Change |
Amounts in PKR’ 000 | |||
Sales | 16,620,275 | 13,265,817 | 25.29% |
Cost of Sales | 14,504,952 | 11,920,996 | 21.68% |
Gross Profit | 2,115,322 | 1,344,821 | 57.29% |
Distribution and Marketing Costs | 188,436 | 92,854 | 102.94% |
Administrative Expenses | 220,314 | 177,243 | 24.30% |
Other Charges | 91,668 | 61,560 | 48.91% |
Other Income | 33,281 | 26,016 | 27.93% |
Finance Costs | 407,716 | 164,338 | 148.10% |
Profit before Taxation | 1,240,467 | 874,841 | 41.79% |
Taxation | 293,581 | 147,908 | 98.49% |
Profit after Taxation | 946,886 | 726,932 | 30.26% |
EPS – Basic and diluted | 3.76 | 3.10 | 21.29% |
Company release on Earnings Report can be accessed here.
