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.
