NPL’s net profits improve by 38% owing to lower cost of sales and operating expenses

12:50
April 26, 2019
MG

April 26, 2019 (MLN): Nishat Power Limited (NPL) has announced its financial results for the quarter ended on March 31st 2019, as per which company stated net profits of Rs. 1 billion with EPS recorded at Rs 2.9, i.e. around 38.2% higher than the figures of same quarter previous year.

The increase in profitability was primarily attributable to lower cost of sales and administrative expenses, as both declined substantially by 54% and 45% respectively.

During the quarter, company also witnessed a decline in sales by 31% mainly due to drop in dispatches and increase in furnace oil prices.

However, company's gross margin improved by 23.7% mainly due to PKR depreciation.

Moreover, the Board of Directors of the company announced a cash dividend of PKR 1.5/share i.e. 15% for the above mentioned period.

Financial Results for the Quarter ended March 31st 2019 ('000 Rupees)
	Mar-19	Mar-18	% Change
Sales	2,661,091	3,903,143	-31.82%
Cost of sales	(1,318,013)	(2,859,520)	-53.91%
Gross profit	1,343,078	1,043,623	28.69%
Administrative expenses	(62,341)	(113,780)	-45.21%
Other expenses	–	(384)	-100.00%
Other income	1,996	4,448	-55.13%
Finance cost	(250,503)	(187,115)	33.88%
Share of loss of associate	–	–
Profit before taxation	1,032,230	746,792	38.22%
Taxation	–	–
Profit for the year	1,032,230	746,792	38.22%
Earnings per share – basic and diluted (Rupees)	2.915	2.109	38.22%

Copyright Mettis Link News

Posted on: 2019-04-26T17:50:00+05:00

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PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.20000	278.40000	278.40000	278.20000	01:03 PM
2	EUR	1.06521	1.06523	1.06523	1.06521	05:10 AM
3	GBP	1.24454	1.24463	1.24463	1.24454	05:10 AM
4	CHF	0.90838	0.90845	0.90845	0.90838	05:10 AM
5	JPY	154.46500	154.47700	154.47700	154.46500	05:10 AM
6	CAD	1.37583	1.37589	1.37589	1.37583	05:10 AM
7	AUD	0.64172	0.64176	0.64176	0.64172	05:10 AM
8	INR	83.51380	83.51870	83.51870	83.51380	05:09 AM
9	SAR	3.75120	3.75140	3.75140	3.75120	02:10 PM
10	AED	3.67220	3.67320	3.67320	3.67220	02:04 PM
11	HKD	7.83214	7.83239	7.83239	7.83214	05:10 AM
12	CNH	7.25271	7.25290	7.25290	7.25271	05:10 AM
13	CNY	7.23820	7.23920	7.23920	7.23820	11:17 PM
14	THB	36.84000	36.86100	36.86100	36.84000	05:10 AM
15	MYR	4.78200	4.78700	4.78700	4.78200	05:06 AM
16	IDR	16,269.20000	16,280.10000	16,280.10000	16,269.20000	05:10 AM
17	SGD	1.36220	1.36229	1.36229	1.36220	05:10 AM
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19	MXN	17.33410	17.33930	17.33930	17.33405	05:10 AM
20	TRY	32.58290	32.59090	32.59086	32.58289	05:10 AM
21	SEK	10.96690	10.96860	10.96861	10.96692	05:10 AM
22	ZAR	19.20330	19.21080	19.21083	19.20333	05:10 AM
23	NOK	11.03720	11.03970	11.03970	11.03720	05:10 AM
24	DKK	7.00486	7.00575	7.00575	7.00486	05:10 AM
25	ARS	869.74500	869.75500	869.75500	869.74500	05:09 AM
26	BDT	108.44500	111.82900	111.82862	108.44472	09:00 PM
27	BHD	0.37704	0.37712	0.37712	0.37704	02:10 PM
28	BRL	5.24050	5.24350	5.24350	5.24050	05:09 AM
29	KRW	1,380.88000	1,381.47000	1,381.47000	1,380.88000	05:09 AM
30	KWD	0.30802	0.30858	0.30858	0.30802	02:10 PM
31	LKR	299.02400	305.60400	305.60412	299.02431	09:00 PM
32	OMR	0.38500	0.38506	0.38506	0.38500	02:10 PM
33	QAR	3.64600	3.64900	3.64900	3.64600	02:09 PM
34	RUB	93.70000	94.60000	94.60000	93.70000	08:00 PM
35	AFN	71.30700	73.18700	73.18701	71.30705	09:00 PM
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40	PHP	57.58300	57.62400	57.62400	57.58300	05:09 AM
42	NGN	1,111.31000	1,112.31000	1,112.31000	1,111.31000	04:21 AM
43	KES	132.00000	134.00000	134.00000	132.00000	04:42 AM
44	AMD	368.65800	425.05600	425.05593	368.65753	09:00 PM
45	TWD	32.51910	32.54910	32.54910	32.51910	05:10 AM
46	XAU	2,384.88000	2,385.13000	2,385.13000	2,384.88000	05:10 AM
47	XAG	28.33920	28.34780	28.34780	28.33920	05:10 AM
48	XPT	938.90000	940.40000	940.40000	938.90000	02:10 PM
49	XPD	1,015.68000	1,023.51000	1,023.50520	1,015.68480	02:09 PM
2,120	VES	36.25120	36.34220	36.34216	36.25125	08:00 PM
2,212	UGX	3,780.61000	3,865.21000	3,865.20656	3,780.60817	09:00 PM
2,213	TZS	2,584.99000	2,585.01000	2,585.01500	2,584.98500	04:49 AM

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Name	High	Current	Low	Change	% Change	Volume	Value	Direction	DateTime
KSE100	70,731.69	70,541.227	70,186.93	251.107	0.357	96,995,106.0	5,385,425,818.610	1	19/04/2024 11:59 AM
ALLSHR	46,395.71	46,283.274	46,105.96	75.420	0.163	204,509,156.0	9,932,169,105.590	1	19/04/2024 11:59 AM
KSE30	23,299.61	23,230.365	23,058.97	136.555	0.591	41,349,324.0	4,327,387,741.470	1	19/04/2024 11:59 AM
KMI30	118,500.38	117,965.264	117,247.45	610.665	0.520	50,347,685.0	3,838,053,835.320	1	19/04/2024 11:59 AM
KMIALLSHR	32,903.45	32,802.804	32,695.54	78.938	0.241	125,662,246.0	8,171,588,993.580	1	19/04/2024 11:59 AM
BKTi	17,813.54	17,703.973	17,489.40	121.924	0.694	8,324,960.0	892,374,179.540	1	19/04/2024 11:59 AM
OGTi	16,598.63	16,549.403	16,435.08	89.463	0.544	5,393,054.0	760,003,404.520	1	19/04/2024 11:59 AM

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Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	64,795.0	65,320.0	59,635.0	1,135.00
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USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
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