Nishat Mills Ltd. profit for 1QFY18 rises 10.23% to Rs. 706 million
MG News | October 27, 2017 at 12:01 PM GMT+05:00
- Nishat Mills ltd. revenue for the period increased by 11.7%, amounting to a total of 12 billion Rupees during the Quarter ended September, 30th 2017
- Company’s other expenses for the period decreased by 24%
- Company other income for the period increased by 38.33% to a total of 667 million
- The Profit after tax for the period increased 10.23% reaching 706 million against last year quarterly profits of Rs. 733 million
- The company’s basic earnings per share reached rupees 1.32 against 1.41 rupees in 2016
Comparison of Key Financials
| Unconsolidated Profit and Loss Account - For the Quarter Ended, September 30th 2017 | |||
| Key Financials | 2017 | 2016 | % Change |
| Amounts in PKR ‘000 | |||
| Revenue | 12,278,413 | 10,991,925 | 11.70% |
| Cost of Sales | 10,995,692 | 9,620,754 | 14.29% |
| Gross profit | 1,282,721 | 1,371,171 | -6.45% |
| Distribution Costs | 587,821 | 531,988 | 10.50% |
| Administrative expenses | 264,069 | 286,066 | -7.69% |
| Other expenses | 33,544 | 44,244 | -24.18% |
| Other income | 667,569 | 482,589 | 38.33% |
| Profit from operations | 1,064,856 | 991,462 | 7.40% |
| Finance costs | 215,858 | 203,084 | 6.29% |
| Profit before taxation | 848,998 | 788,378 | 7.69% |
| Taxation | 142,000 | 147,000 | -3.40% |
| Profit after Taxation | 706,998 | 641,378 | 10.23% |
| EPS - Basic and diluted | 2.01 | 1.82 | 10.44% |
Company release on Earnings Report can be accessed here.
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