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

October 29, 2018 (MLN): Nishat Chunian Power Limited (NCPL)’s profits during the quarter ended September 30th 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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Posted on: 2018-10-29T15:18:00+05:00

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