Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

Nishat Mills Ltd. profit for 1QFY18 rises 10.23% to Rs. 706 million

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
  • 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.

Posted on: 2017-10-27T12:01:00+05:00