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

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Nishat Mills ltd. revenue for the period increased by 11.7%, amounting to a total of 12 billion Rupees during the Quarter ended September, 30^th 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 30^th 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.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	60,305.00	60,325.00 59,710.00	1115.00 1.88%
BRENT CRUDE	74.84	75.84 72.06	1.10 1.49%
RICHARDS BAY COAL MONTHLY	115.00	0.00 0.00	0.75 0.66%
ROTTERDAM COAL MONTHLY	126.25	126.25 126.25	0.35 0.28%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	71.53	71.61 71.27	-0.39 -0.54%
SUGAR #11 WORLD	14.12	14.18 13.86	0.10 0.71%