Nishat Chunian suffers 44% decline in bottom-line earnings

12:46
October 29, 2019
MG

October 29, 2019 (MLN): The Board of Directors of Nishat (Chunian) Limited held its meeting on October 29, 2019, to discuss and announce the financial results for the quarter ended September 30, 2019.

According to the official results, the company has reported net profits of Rs. 1 billion (EPS: Rs. 2.02), i.e. 44.14% down against the earnings of same period in last year.

This decline in earnings can be attributed to several factors, including rise in non-core expenses by 36.8% and fall in non-core income by 83.4%.

Moreover, surge in finance cost by 68% pulled down the profits of the company.

Profit and Loss Statement for the quarter ended September 30, 2019 (Rupees)
	Sep-19	Sep-18	% Change
Sales	15,261,176,598	14,819,049,634	2.98%
Cost of Sales	(12,452,500,640)	(11,913,102,694)	4.53%
Gross Profit	2,808,675,958	2,905,946,940	-3.35%
Distribution Cost	(275,879,861)	(283,238,072)	-2.60%
Administrative expenses	(129,176,314)	(120,946,981)	6.80%
Other expenses	(68,520,644)	(50,079,507)	36.82%
Other income	30,336,456	182,803,360	-83.40%
Finance cost	(1,237,897,746)	(735,747,806)	68.25%
Profit before taxation	1,127,537,849	1,898,737,934	-40.62%
Taxation	(119,701,125)	(94,390,394)	26.81%
Profit for the year	1,007,836,724	1,804,347,540	-44.14%
Earnings per share – basic and diluted (Rupees)	2.02	5.68	-64.44%

Copyright Mettis Link News

Posted on: 2019-10-29T17:46:00+05:00

30828

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.40000	278.50000	278.50000	278.40000	03:02 PM
2	EUR	1.06174	1.06188	1.06188	1.06174	10:52 PM
3	GBP	1.23936	1.23968	1.23968	1.23936	10:52 PM
4	CHF	0.90348	0.90383	0.90383	0.90348	10:52 PM
5	JPY	153.63900	153.65300	153.65300	153.63900	10:52 PM
6	CAD	1.37971	1.38002	1.38002	1.37971	10:52 PM
7	AUD	0.63713	0.63725	0.63725	0.63713	10:52 PM
8	INR	83.71590	83.71640	83.71640	83.71590	10:52 PM
9	SAR	3.75110	3.75130	3.75130	3.75110	07:52 AM
10	AED	3.67260	3.67280	3.67280	3.67260	07:52 AM
11	HKD	7.82860	7.82870	7.82868	7.82860	10:52 PM
12	CNH	7.25637	7.25708	7.25708	7.25637	10:52 PM
13	CNY	7.23820	7.23920	7.23920	7.23820	11:17 PM
14	THB	36.83800	36.87500	36.87500	36.83800	10:52 PM
15	MYR	4.78650	4.79150	4.79150	4.78650	10:50 PM
16	IDR	16,279.90000	16,284.90000	16,284.90000	16,279.90000	10:52 PM
17	SGD	1.36511	1.36543	1.36543	1.36512	10:52 PM
18	NZD	0.58599	0.58622	0.58622	0.58599	10:52 PM
19	MXN	17.53000	17.56000	17.56000	17.53000	10:52 PM
20	TRY	32.57650	32.59240	32.59244	32.57646	10:52 PM
21	SEK	11.01290	11.03740	11.03737	11.01287	10:52 PM
22	ZAR	19.23020	19.33650	19.33650	19.23020	10:52 PM
23	NOK	11.05750	11.08270	11.08272	11.05753	10:52 PM
24	DKK	7.02580	7.02680	7.02680	7.02580	10:52 PM
25	ARS	873.84700	873.99700	873.99744	873.84676	10:51 PM
26	BDT	108.44500	111.82900	111.82862	108.44472	09:00 PM
27	BHD	0.37697	0.37701	0.37701	0.37697	03:41 AM
28	BRL	5.24160	5.24460	5.24460	5.24160	10:48 PM
29	KRW	1,389.62000	1,389.85000	1,389.85000	1,389.62000	10:52 PM
30	KWD	0.30800	0.30860	0.30860	0.30800	07:51 AM
31	LKR	299.02400	305.60400	305.60412	299.02431	09:00 PM
32	OMR	0.38497	0.38500	0.38500	0.38497	03:41 AM
33	QAR	3.64550	3.64850	3.64850	3.64550	07:52 AM
34	RUB	93.70000	94.60000	94.60000	93.70000	08:00 PM
35	AFN	71.30700	73.18700	73.18701	71.30705	09:00 PM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:42 AM
37	TMT	3.35000	3.65000	3.65000	3.35000	08:00 PM
38	MVR	15.26000	15.66000	15.66000	15.26000	08:00 PM
39	UZS	12,706.60000	12,772.40000	12,772.35727	12,706.55913	09:00 PM
40	PHP	57.61000	57.64900	57.64900	57.61000	10:52 PM
42	NGN	1,150.58000	1,151.58000	1,151.58000	1,150.58000	09:00 PM
43	KES	132.00000	134.00000	134.00000	132.00000	08:24 PM
44	AMD	368.65800	425.05600	425.05593	368.65753	09:00 PM
45	TWD	32.57500	32.58000	32.58000	32.57500	10:52 PM
46	XAU	2,406.78000	2,406.82000	2,406.82000	2,406.78000	10:51 PM
47	XAG	28.63010	28.64580	28.64580	28.63010	10:51 PM
48	XPT	947.55000	949.95000	949.95000	947.55000	07:52 AM
49	XPD	1,026.00000	1,034.00000	1,034.00000	1,026.00000	07:52 AM
2,120	VES	36.25120	36.34220	36.34216	36.25125	08:00 PM
2,212	UGX	3,780.61000	3,865.21000	3,865.20656	3,780.60817	09:00 PM
2,213	TZS	2,582.99000	2,583.01000	2,583.01500	2,582.98500	08:24 PM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	70,645.30	70,290.119	69,783.32	-43.199	-0.061	237,694,811.0	11,463,504,265.170	18/04/2024 04:13 PM
ALLSHR	46,417.10	46,207.855	45,927.10	-25.142	-0.054	440,121,509.0	24,355,862,169.420	18/04/2024 04:13 PM
KSE30	23,225.12	23,093.810	22,904.89	-26.776	-0.116	98,900,681.0	9,116,464,844.550	18/04/2024 04:13 PM
KMI30	118,354.77	117,354.600	116,464.95	-245.338	-0.209	149,225,217.0	8,668,512,964.260	18/04/2024 04:13 PM
KMIALLSHR	32,968.78	32,723.866	32,557.70	-28.234	-0.086	281,881,154.0	20,769,541,762.000	18/04/2024 04:13 PM
BKTi	17,793.43	17,582.049	17,476.13	-169.939	-0.957	18,567,387.0	2,410,715,151.990	18/04/2024 04:13 PM
OGTi	16,667.42	16,459.940	16,334.74	-2.499	-0.015	12,106,369.0	1,792,912,599.580	18/04/2024 04:13 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	60,175.0	63,840.0	59,635.0	-3,485.00
BRENT CRUDE	EB	90.3	90.8	86.9	3.18
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-5.20
ROTTERDAM COAL MONTHLY	ET	120.0	120.0	119.1	-0.35
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	85.2	85.6	81.9	3.09
SUGAR #11 WORLD	SB	19.6	19.7	19.2	0.29

To see more commodities please register for our portal

Top 5 things to watch in this week

Charts

KSE100 (Last)

KSE100 (Volume)

KSE100 (Last)

KSE100 (Volume)

Trending :

Nishat Chunian suffers 44% decline in bottom-line earnings

Top 5 things to watch in this week

Charts

Stay Connected

Read Next

China’s new auto loan rules set to drive sales, Fitch predicts

Oi prices rise amid China’s strong GDP growth, Middle East tensions

EPQL’s profit surges by 33.4% YoY to Rs585m in 3QFY24

Fertilizer offtake surges 44.9% YoY in March’24 due to low base