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HomeEquityNishat Chunian Power posts profits worth Rupees 1.745 billion

Nishat Chunian Power posts profits worth Rupees 1.745 billion

Nishat Chunian Power Limited today released financial statements for the half year ending December, 31st 2017. The company reported ales worth Rupees 8.475 billion whereas reporting a total of 1.745 billion worth of profits for the period.

The company during the period reported a 65% decline in other expenses, with an increase of 57% in Administrative Expenses.

Also, the company’s other income decreased by 35% during the half year. Due to a tax relaxation from the Government on power projects, the company managed to post a healthy sum of Rupees 1.745 billion as the bottom-line profits for the period.  

Nishat Chunian Power Limited posted earnings per share of rupees 4.751 per share during the second half of year 2017 against 3.759 per share at same period last year.

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 ‘000

Sales

8,475,525

7,418,926

14.24%

Cost of Sales

6,077,556

5,417,894

12.18%

Gross Profit

2,397,969

2,001,031

19.84%

Administrative Expenses

125,498

79,866

57.14%

Other Expenses

6,781

19,348

-64.95%

Other Income

12,320

18,975

-35.07%

Finance Cost

532,894

540,029

-1.32%

Profit before Taxation

1,745,115

1,380,764

26.39%

Taxation

 

Profit after Taxation

1,745,115

1,380,764

26.39%

EPS – Basic and diluted

4.751

3.759

26.39%

Company release on Earnings Report can be accessed here.

Posted on: 2018-02-27T13:12:00+05:00
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