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

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By 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 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. 

Comparison of Key Financials

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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