NCPL enjoys 58% YoY surge in PAT during 1HFY23
MG News | February 21, 2023 at 12:48 PM GMT+05:00
February 21, 2023 (MLN): The bottom line of Nishat Chunian Power Limited (PSX: NCPL) has expanded by 58% YoY as the profit after tax (PAT) of the company clocked in at Rs1.83 billion [EPS: Rs5] in the first half of the fiscal year 2023, compared to Rs1.16bn [EPS: Rs3.17] in the same period last year.
The financial statement issued to PSX further revealed that the company’s net sales witnessed an increase of 8% YoY to clock in Rs10.56bn.
Since the cost of sales remained relatively flat at Rs2.45bn, the gross margins of the company improved to 23% from 17% in 1HFY22.
Among other lined items, the finance cost of the company stood at Rs463.23mn, up by 0.55% YoY in 1HFY23.
Meanwhile, the company paid Rs360,000 in terms of taxation during the period as compared to Rs2.81mn in the same period last year.
At the time of writing, the stock of the company is being traded at Rs15.04, down by Rs1.21.
|
Profit and Loss Statement for the Half year ended December 31, 2022 ('000 Rupees) |
|||
|---|---|---|---|
|
|
Dec-22 |
Dec-21 |
% Change |
|
Sales |
10,566,635 |
9,773,722 |
8.11% |
|
Cost of Sales |
(8,113,500) |
(8,073,969) |
0.49% |
|
Gross Profit |
2,453,135 |
1,699,753 |
44.32% |
|
Administrative expenses |
(72,660) |
(77,466) |
-6.20% |
|
Other operating expenses |
(130,586) |
(62,960) |
107.41% |
|
Other income |
51,734 |
67,022 |
-22.81% |
|
Finance cost |
(463,236) |
(460,713) |
0.55% |
|
Profit before taxation |
1,838,387 |
1,165,636 |
57.72% |
|
Taxation |
(360) |
(2,813) |
- |
|
Profit for the year |
1,838,027 |
1,162,823 |
58.07% |
|
Earnings per share - basic and diluted (Rupees) |
5.00 |
3.17 |
57.73% |
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