Nishat Chunian Limited posts profits worth Rupees 492.072 million
By MG News | February 27, 2018 at 01:57 PM GMT+05:00
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.
| 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.
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