Nishat Chunian Power Ltd.’s profits observe a slight jump

MG News | October 29, 2018 at 03:18 PM GMT+05:00

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October 29, 2018 (MLN): Nishat Chunian Power Limited (NCPL)’s profits during the quarter ended September 30^th 2018 have slightly increased by 0.17% as a result of decline in administrative and other operating expenses as compared to the same period prior year.

According to the financial results announced, administrative and other operating expenses dropped down by 0.85% and 62.18% respectively. However company’s other income declined by 8.8%, but the impact is not significant enough to affect the company’s profitability.

Moreover, the company successfully sustained its earning per share i.e. Rs2.44 per share.

Profit and Loss Statement for the Quarter Ended September 30th 2018 ('000 Rupees)
	Sep-18	Sep-17	% Change
Sales	5,161,137	4,687,505	10.10%
Cost of Sales	(3,944,814)	(3,487,203)	13.12%
Gross Profit	1,216,323	1,200,302	1.33%
Administrative expenses	(37,693)	(38,015)	-0.85%
Other operating expenses	(1,907)	(5,042)	-62.18%
Other income	7,538	8,267	-8.82%
Finance cost	(286,852)	(269,634)	6.39%
Profit before taxation	897,409	895,879	0.17%
Taxation	-	-
Profit for the year	897,409	895,879	0.17%
Earnings per share - basic and diluted (Rupees)	2.44	2.44	0.00%

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