Nishat Chunain reports 13% rise in net earnings during 1HFY20
MG News | February 27, 2020 at 12:46 PM GMT+05:00
February 27, 2020 (MLN): Nishat Chunian Power Limited (NCPL) has announced its financial results today, wherein it has reported profits of Rs. 2.09 billion (EPS: Rs. 5.71) for the half year, and Rs. 1.02 billion (EPS: Rs. 2.8) for the quarter ended December 31, 2019.
Even though the company’s topline earnings fell by 8.2% due to lower load factor, the gross earnings managed to rise by 30% owing to the fall in cost of production by 24% during the first six months of Fiscal Year 2020.
Another major highlight from the company’s results was the 91% increase in finance costs, which ensued from increase in interest rates as well as rising demand for working capital.
| Profit and Loss Statement for the half-year ended December 31, 2019 ('000 Rupees) | |||
|---|---|---|---|
| Dec-19 | Dec-18 | % Change | |
| Sales | 7,782,328 | 8,481,574 | -8.24% |
| Cost of Sales | (4,496,388) | (5,955,667) | -24.50% |
| Gross Profit | 3,285,940 | 2,525,907 | 30.09% |
| Administrative expenses | (76,169) | (88,186) | -13.63% |
| Other operating expenses | (599) | (4,186) | -85.69% |
| Other income | 22,661 | 14,430 | 57.04% |
| Finance cost | (1,133,982) | (593,657) | 91.02% |
| Profit before taxation | 2,097,851 | 1,854,308 | 13.13% |
| Taxation | - | - | |
| Profit for the year | 2,097,851 | 1,854,308 | 13.13% |
| Earnings per share - basic and diluted (Rupees) | 5.71 | 5.05 | 13.07% |
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 156,177.82 367.85M | -0.00% -3.12 |
| ALLSHR | 95,630.38 1,498.37M | -0.06% -60.44 |
| KSE30 | 47,678.47 206.79M | -0.08% -35.92 |
| KMI30 | 229,682.22 174.86M | -0.02% -39.87 |
| KMIALLSHR | 64,366.76 638.47M | -0.08% -53.31 |
| BKTi | 41,922.80 89.51M | -0.11% -46.72 |
| OGTi | 31,735.79 16.87M | -0.80% -255.97 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 115,860.00 | 117,685.00 114,850.00 | -1230.00 -1.05% |
| BRENT CRUDE | 67.90 | 68.59 67.62 | -0.57 -0.83% |
| RICHARDS BAY COAL MONTHLY | 84.00 | 0.00 0.00 | -0.40 -0.47% |
| ROTTERDAM COAL MONTHLY | 93.50 | 93.50 93.50 | 0.15 0.16% |
| USD RBD PALM OLEIN | 1,106.50 | 1,106.50 1,106.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 63.97 | 64.67 63.69 | -0.55 -0.85% |
| SUGAR #11 WORLD | 16.23 | 16.59 16.23 | -0.33 -1.99% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Large Scale Manufacturing (LSM)
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|