Nishat Chunian Limited posts profits worth Rupees 492.072 million

MG News | February 27, 2018 at 01:57 PM GMT+05:00

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Nishat Chunian Limited today released financial statements for the half year ending December, 31^st 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 30^th 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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