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

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

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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.

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