Nishat Mills Ltd. profits rise 4.69% to Rs. 2.668 billion
MG News | February 23, 2018 at 03:12 PM GMT+05:00
Nishat Mills Limited today announced financial results for the period ending December 31st 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.
| Unconsolidated Profit and Loss Account - For the Half Year Ended, December 31st 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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