Mughal Iron & Steel Industries Limited posts profits worth Rs. 946.886 million

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. 

Comparison of Key Financials

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.

Posted on: 2018-04-24T14:22:00+05:00