Mughal Iron & Steel Industries profit for 1QY18 rises 19% to Rs. 305 million

MG News | October 26, 2017 at 01:05 PM GMT+05:00

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Mughal Iron & Steel Industries sales for the period increased by 45.33%, amounting to a total of 5.4 billion Rupees during three months ended September, 30^th 2017
Company’s Gross Profit increased by 49.19% to reach 667 million
The Profit after tax for the period increased by 18.9% reaching 305 million against last year’s profit of 257 million Rupees.
The company’s earnings per share reached 1.22 rupees in the last three months vs 1.09 in same quarter 2016

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Three Months Ended, September 30^th 2017
Key Financials	2017	2016	% Change
	Amounts in PKR
Sales – net	5,397,103,764	3,713,586,081	45.33%
Cost of Sales	4,729,114,018	3,265,856,207	44.80%
Gross Profit	667,989,746	447,729,874	49.19%
Distribution Cost & Marketing Costs	42,599,958	19,900,087	114.07%
Administrative Expenses	66,246,705	50,678,100	30.72%
Other charges	30,412,167	19,163,113	58.70%
Other income	18,060,994	3,443,840	424.44%
Finance cost	146,617,526	90,918,603	61.26%
Profit before Taxation	400,174,654	270,516,063	47.93%
Taxation	94,462,692	13,402,881	604.79%
Profit after Taxation	305,711,962	257,110,930	18.90%
EPS - Basic & diluted	1.22	1.09	11.93%

Company release on Earnings Report can be accessed here.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	67,175.00	67,360.00 63,430.00	3515.00 5.52%
BRENT CRUDE	83.06	85.93 82.40	-4.27 -4.89%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	3.75 3.14%
ROTTERDAM COAL MONTHLY	125.00	125.00 125.00	-6.00 -4.58%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	80.40	82.42 79.70	-4.48 -5.28%
SUGAR #11 WORLD	13.68	13.90 13.61	-0.02 -0.15%