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

08:27
October 29, 2019
MG

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

Posted on: 2019-10-29T13:27:00+05:00

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1	PKR	278.60000	278.80000	278.80000	278.60000	01:02 PM
2	EUR	1.06990	1.07020	1.07020	1.06990	11:45 PM
3	GBP	1.24870	1.24890	1.24890	1.24870	11:45 PM
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8	INR	83.40270	83.40320	83.40320	83.40270	08:00 PM
9	SAR	3.75050	3.75070	3.75070	3.75050	09:07 AM
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11	HKD	7.82830	7.82840	7.82840	7.82830	11:45 PM
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31	LKR	293.46400	300.00500	300.00467	293.46353	08:00 PM
32	OMR	0.38476	0.38526	0.38526	0.38476	01:58 AM
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34	RUB	92.27000	92.29000	92.29000	92.27000	08:00 PM
35	AFN	71.37320	73.24210	73.24207	71.37317	08:00 PM
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40	PHP	57.51700	57.76000	57.76000	57.51700	08:00 PM
42	NGN	1,305.72000	1,306.72000	1,306.72000	1,305.72000	08:00 PM
43	KES	131.42100	134.22400	134.22417	131.42083	08:00 PM
44	AMD	388.08000	388.08000	388.08000	388.08000	08:00 PM
45	TWD	32.58800	32.61800	32.61800	32.58800	08:00 PM
46	XAU	2,337.48000	2,338.39000	2,338.39000	2,337.48000	10:46 PM
47	XAG	27.15820	27.20580	27.20580	27.15820	10:46 PM
48	XPT	915.55000	917.95000	917.95000	915.55000	01:59 AM
49	XPD	954.21200	962.02800	962.02800	954.21200	02:00 AM
2,120	VES	36.33200	36.42320	36.42315	36.33204	08:00 PM
2,212	UGX	3,781.71000	3,865.81000	3,865.81320	3,781.71284	08:00 PM
2,213	TZS	2,549.64000	2,643.09000	2,643.08742	2,549.64257	08:00 PM

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Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
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KMI30	122,624.63	122,414.850	120,539.93	1,511.894	1.251	130,473,781.0	8,715,975,575.960	26/04/2024 05:12 PM
KMIALLSHR	34,120.82	34,003.274	33,623.23	303.834	0.902	336,036,323.0	17,261,793,362.150	26/04/2024 05:12 PM
BKTi	18,098.00	18,061.700	17,783.46	189.341	1.059	12,829,416.0	1,502,941,695.300	26/04/2024 05:12 PM
OGTi	17,165.47	17,018.023	16,915.39	-13.038	-0.077	13,158,963.0	1,843,356,910.500	26/04/2024 05:12 PM

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Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	64,530.0	65,395.0	63,775.0	-740.00
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