Nishat Chunian Limited posts profits worth Rupees 492.072 million

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.

Posted on: 2018-02-27T13:57:00+05:00