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, 30th 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 30th 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.
