NCPL’s net profits up by 19% on the back of improved topline earnings

MG News | October 29, 2019 at 01:27 PM GMT+05:00

0:00

October 29, 2019 (MLN): Nishat Chunian Power Limited (NCPL) has declared its financial results today for the quarter ended September 30^th 2019, according to which it has posted its net profits of Rs 1 billion (EPS: Rs2.91), up by 19% YoY compared to last year net profit of Rs 897 million (EPS: Rs 2.44).

During the period, top-line earnings of the company surged to 5.13% YoY owing to higher PKR/USD indexation which was partly offset by the lower load factor.

More notably, the colossal increase in finance cost by 91% as a result of short term borrowings along with higher interest rates, offset the profitability of the company.

The profitability of the company rose due to top-line earnings on the back of greater load factor in 1QFY20 when compared to 4QFY19.

Profit and Loss Statement for the Quarter Ended September 30th 2019 ('000 Rupees)
	Sep-19	Sep-18	% Change
Sales	5,426,037	5,161,137	5.13%
Cost of Sales	(3,784,187)	(3,944,814)	-4.07%
Gross Profit	1,641,850	1,216,323	34.98%
Administrative expenses	(38,780)	(37,693)	2.88%
Other expenses	(408)	(1,907)	-78.61%
Other income	12,639	7,538	67.67%
Finance cost	(547,395)	(286,852)	90.83%
Profit before taxation	1,067,906	897,409	19.00%
Taxation	-	-
Profit for the year	1,067,906	897,409	19.00%
Earnings per share - basic and diluted (Rupees)	2.91	2.44	19.26%

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	155,511.57 420.21M	4.55% 6768.25
ALLSHR	92,721.58 662.75M	4.09% 3646.62
KSE30	47,156.33 206.60M	4.72% 2124.72
KMI30	225,408.12 190.37M	4.32% 9332.56
KMIALLSHR	60,577.26 399.44M	3.83% 2234.76
BKTi	43,286.39 78.15M	6.37% 2591.83
OGTi	32,400.29 21.42M	3.59% 1121.39

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	68,300.00	68,500.00 68,180.00	-40.00 -0.06%
BRENT CRUDE	100.24	105.94 98.35	-3.73 -3.59%
RICHARDS BAY COAL MONTHLY	112.50	0.00 0.00	2.10 1.90%
ROTTERDAM COAL MONTHLY	113.75	116.50 113.75	-5.25 -4.41%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	98.92	99.21 98.37	-1.20 -1.20%
SUGAR #11 WORLD	15.24	15.44 15.05	-0.28 -1.80%