Nishat Chunian Limited today released financial statements for the half year ending December, 31st 2017. The company reported sales worth Rupees 16.836 billion whereas reporting a total of 492.072 million worth of profits for the period.
The company during the period reported an 18.78% decline in Distribution Costs, however, also reporting an 80% decline in Other Expenses.
The NCL Management reported profit after taxation at Rupees 492.072 million declining by more than 56 percent during the period.
The management reported earnings per share of Rupees 2.05 per share against last year’s tally of Rupees 4.68 per share.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Half Year Ended, December 30th 2017
Key Financials
2017
2016
% Change
Amounts in PKR
Revenue
16,836,839,203
14,449,959,207
16.52%
Cost of Sales
15,451,850,363
13,053,360,328
18.37%
Gross Profit
1,384,988,840
1,396,598,879
-0.83%
Distribution Costs
430,959,007
362,812,075
18.78%
Administrative Expenses
104,945,005
91,096,120
15.20%
Other Expenses
24,253,656
116,204,792
-79.13%
Other Income
479,046,915
1,027,936,394
-53.40%
Profit from Operations
1,303,878,087
1,854,488,286
-29.69%
Finance Cost
638,217,027
493,085,853
29.43%
Profit before Taxation
665,661,060
1,361,336,433
-51.10%
Taxation
173,588,206
236,459,924
-26.59%
Profit after Taxation
492,072,854
1,124,876,509
-56.26%
EPS – Basic and diluted
2.05
4.68
-56.20%
Company release on Earnings Report can be accessed here.
