MUREB’s net profits rise by 3.33%

09:21
October 24, 2019
MG

October 24, 2019 (MLN): Murree Brewery Company Ltd. (MUREB) has reported its net earnings of Rs. 374 million, up by 3.33% during the quarter ended on September 30, 2019, as compared to the corresponding period of the prior year.

According to the financial results announced by the company, although administrative cost and other expenses recorded an escalation of 22.33%, and 13.06% respectively, the impact was not significant enough to drag down the profits of the company.

The company’s profitability increased owing to an increase in finance income, up by 70.20%, from Rs 48 million to Rs 83 million.

The earnings per share of the company exhibited an increase of around 3.36 from Rs 13.11 per share to Rs 13.55 per share.

Statement of Profit and Loss for the Quarter ended September 30th 2019 ('000 Rupees)
	Sep-19	Sep-18	% Change
Net Turnover	2,729,317	2,756,944	-1.00%
Cost of Sales	(1,903,174)	(1,926,860)	-1.23%
Gross profit	826,143	830,084	-0.47%
selling and distribution expenses	(259,353)	(270,529)	-4.13%
Administrative expenses	(122,352)	(100,021)	22.33%
Other expenses	(38,869)	(34,380)	13.06%
Other income	21,844	23,486	-6.99%
Operating profit	427,413	448,640	-4.73%
finance cost	(4,062)	(4,006)	1.40%
Finance income	83,083	48,815	70.20%
Net finance (cost)/income	79,021	44,809	76.35%
profit before tax	506,434	493,449	2.63%
Income tax expenses	(131,728)	(130,834)	0.68%
Profit for the year	374,706	362,615	3.33%
Earnings per share – basic and diluted (Rupees)	13.55	13.11	3.36%

Copyright Mettis Link News

Posted on: 2019-10-24T14:21:00+05:00

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PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.20000	278.40000	278.40000	278.20000	01:03 PM
2	EUR	1.06690	1.06720	1.06720	1.06690	02:16 AM
3	GBP	1.23680	1.23700	1.23700	1.23680	02:16 AM
4	CHF	0.91026	0.91075	0.91074	0.91026	02:39 AM
5	JPY	154.62000	154.63000	154.63000	154.62000	02:16 AM
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8	INR	83.37020	83.37070	83.37070	83.37020	08:00 PM
9	SAR	3.75120	3.75140	3.75140	3.75120	11:40 AM
10	AED	3.67220	3.67320	3.67320	3.67220	01:57 AM
11	HKD	7.83140	7.83150	7.83150	7.83140	02:16 AM
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20	TRY	32.48060	32.49060	32.49060	32.48060	08:00 PM
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27	BHD	0.37700	0.37710	0.37710	0.37700	08:32 PM
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31	LKR	298.08400	304.64400	304.64364	298.08350	01:45 AM
32	OMR	0.38498	0.38515	0.38515	0.38498	01:57 AM
33	QAR	3.64600	3.64900	3.64900	3.64600	01:59 AM
34	RUB	93.20000	94.60000	94.60000	93.20000	08:00 PM
35	AFN	70.89640	72.77070	72.77072	70.89640	01:45 AM
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40	PHP	57.45800	57.68800	57.68800	57.45800	08:00 PM
42	NGN	1,149.00000	1,153.00000	1,153.00000	1,149.00000	08:00 PM
43	KES	129.80600	132.61800	132.61797	129.80648	01:45 AM
44	AMD	365.11900	421.34900	421.34858	365.11879	01:45 AM
45	TWD	32.53300	32.53900	32.53900	32.53300	08:00 PM
46	XAU	2,390.01000	2,391.71000	2,391.71000	2,390.01000	01:32 AM
47	XAG	28.65580	28.68580	28.68580	28.65580	01:32 AM
48	XPT	931.58700	937.31300	937.31280	931.58720	02:00 AM
49	XPD	1,026.51000	1,034.34000	1,034.33590	1,026.50920	02:00 AM
2,120	VES	36.25120	36.34210	36.34210	36.25125	08:00 PM
2,212	UGX	3,759.90000	3,844.24000	3,844.24348	3,759.89879	01:45 AM
2,213	TZS	2,532.50000	2,626.21000	2,626.21245	2,532.49613	01:45 AM

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Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	70,968.98	70,909.904	70,186.93	619.785	0.882	214,724,945.0	13,651,927,649.760	19/04/2024 05:13 PM
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KMI30	118,779.97	118,572.725	117,247.45	1,218.125	1.038	148,956,005.0	11,119,881,421.450	19/04/2024 05:13 PM
KMIALLSHR	33,051.27	33,022.390	32,695.54	298.524	0.912	317,804,569.0	19,951,289,708.390	19/04/2024 05:13 PM
BKTi	17,861.34	17,826.912	17,489.40	244.864	1.393	16,782,769.0	1,601,100,031.210	19/04/2024 05:13 PM
OGTi	16,766.60	16,652.098	16,435.08	192.159	1.167	13,610,174.0	1,842,349,761.040	19/04/2024 05:13 PM

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Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	64,150.0	65,640.0	59,635.0	490.00
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