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

    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.

    Posted on: 2018-02-23T15:12:00+05:00