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Murree Brewery’s profits lift by 5% owing to increase in topline earnings

October 25, 2018 (MLN): Murree Brewery Company Ltd. (MUREB) has reported an augmentation of Rs274.47million (11.38%) in top-line earnings, which has elevated the company's profits by 5.01% during the quarter ended on September 30, 2018 as compared to the corresponding period of prior year.

According to the financial results announced by the company, although selling and distribution cost, administrative cost and other expenses recorded an escalation of 48.31%, 21.31% and 4.5% respectively, but the impact was not significant enough to drag down the profits of the company.

The Earnings per share of the company exhibited an increase of around 5% from Rs14.98 per share to Rs15.73 per share.

Statement of Profit and Loss for the Quarter ended September 30th 2018 ('000 Rupees)

 

Sep-18

Sep-17

% Change

Revenue

                        2,685,927

                       2,411,454

11.38%

Cost of Sales

                     (1,855,843)

                    (1,684,701)

10.16%

Gross profit

                           830,084

                          726,753

14.22%

selling and distribution expenses

                         (270,529)

                        (182,406)

48.31%

Administrative expenses

                         (100,021)

                          (82,454)

21.31%

Other expenses

                           (34,380)

                          (32,900)

4.50%

Other income

                              23,486

                             18,578

26.42%

Operating profit

                           448,640

                          447,572

0.24%

finance cost

                              (4,006)

                                (987)

305.88%

Finance income

                              48,815

                             33,041

47.74%

Net finance (cost)/income

                              44,809

                             32,054

39.79%

profit before tax

                           493,449

                          479,625

2.88%

Income tax expenses

                         (130,834)

                        (134,321)

-2.60%

Profit for the year

                           362,615

                          345,304

5.01%

Earnings per share – basic and diluted (Rupees)

                                15.73

                               14.98

5.01%

 

Copyright Mettis Link News

Posted on: 2018-10-25T17:01:00+05:00

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