Nishat Mills Ltd. profits rise 4.69% to Rs. 2.668 billion

MG News | February 23, 2018 at 03:12 PM GMT+05:00

0:00

Nishat Mills Limited today announced financial results for the period ending December 31^st 2017. The company reported a surge of 6.32% in Revenue, with total revenue clocking in at 25.520 billion.

NML results on the exchange show a very decent performance decent performance during the period. Revenue during the reported period went up by 6.32%, with Cost of Sales increasing by more than 7% as well.

Furthermore, the company reported a profit after taxation of 2.668 billion with an increase of 4.68% reporting earnings per share of Rupees 7.59.

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Half Year Ended, December 31^st 2017
Key Financials	2017	2016	% Change
	Amounts in PKR ‘000
Revenue	25,520,079	24,003,506	6.32%
Cost of Sales	22,943,348	21,368,454	7.37%
Gross Profit	2,576,731	2,635,052	-2.21%
Distribution Cost	1,163,973	1,132,584	2.77%
Administrative Expenses	530,211	587,754	-9.79%
Other Expenses	135,642	154,234	-12.05%
Other Income	2,744,785	2,595,167	5.77%
Profit from Operations	3,491,690	3,355,647	4.05%
Finance Cost	450,526	420,945	7.03%
Profit before Taxation	3,041,164	2,934,702	3.63%
Taxation	373,000	384,000	-2.86%
Profit after Taxation	2,668,164	2,550,702	4.61%
EPS - Basic and diluted	7.59	7.25	4.69%

Company release on Earnings Report can be accessed here.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	160,591.33 324.64M	-3.95% -6600.05
ALLSHR	95,972.74 738.36M	-3.62% -3599.83
KSE30	48,464.12 212.31M	-4.20% -2125.25
KMI30	232,331.99 178.01M	-4.17% -10107.69
KMIALLSHR	62,746.16 331.86M	-3.69% -2405.94
BKTi	44,191.67 63.12M	-3.91% -1798.01
OGTi	33,327.13 16.58M	-3.20% -1101.20

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	73,115.00	73,150.00 70,535.00	-370.00 -0.50%
BRENT CRUDE	98.13	103.87 97.59	2.93 3.08%
RICHARDS BAY COAL MONTHLY	105.00	0.00 0.00	2.25 2.19%
ROTTERDAM COAL MONTHLY	106.00	106.50 106.00	1.15 1.10%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	97.52	105.63 97.03	0.95 0.98%
SUGAR #11 WORLD	13.63	13.97 13.63	-0.12 -0.87%