NPL’s profits grow by 36% due to lower O&Ms and higher efficiency

MG News | October 23, 2019 at 05:21 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

October 23, 2019: Nishat Power Limited (NPL) has declared net earnings of Rs. 1.3 billion (EPS: Rs. 3.779) for the quarter ended September 30, 2019, i.e. around 36% higher as compared to the corresponding period of last year.

According to the notification issued to PSX by the company, the top-line earnings decreased by 15.29% to Rs. 4.9 billion due to drop in load factor. However, the decline in cost of sales by 30% helped in lifting the gross profits by 37%.

According to a research report by BIPL Securities, the gross margins of the company improved on the back of lower O&Ms as well as higher efficiency.

Even though the finance costs surged considerably by 80%, the company’s overall result for the period turned out to be prolific.

Financial Results for the quarter ended September 30, 2019 ('000 Rupees)
	Sep-19	Sep-18	% Change
Sales	4,952,515	5,846,191	-15.29%
Cost of sales	(3,200,175)	(4,569,478)	-29.97%
Gross profit	1,752,340	1,276,713	37.25%
Administrative expenses	(75,536)	(71,670)	5.39%
Other expenses		(1,366)
Other income	234	1,822	-87.16%
Finance cost	(399,039)	(221,608)	80.07%
Profit before taxation	1,337,999	983,891	35.99%
Taxation	(30)
Profit for the year	1,337,969	983,891	35.99%
Earnings per share - basic and diluted (Rupees)	3.779	2.779	35.98%

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	170,765.22 212.46M	0.16% 266.28
ALLSHR	103,241.06 481.66M	0.13% 137.96
KSE30	50,813.89 65.25M	0.15% 74.20
KMI30	244,391.30 71.96M	0.08% 186.13
KMIALLSHR	66,928.26 309.74M	0.08% 55.24
BKTi	47,274.31 12.11M	0.30% 141.41
OGTi	35,009.43 4.22M	0.13% 46.86

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	84,840.00	85,595.00 84,120.00	420.00 0.50%
BRENT CRUDE	104.38	106.59 103.11	-2.22 -2.08%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	-0.55 -0.45%
ROTTERDAM COAL MONTHLY	136.55	137.10 133.60	0.65 0.48%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	92.44	0.00 0.00	0.03 0.03%
SUGAR #11 WORLD	18.54	18.75 18.43	-0.07 -0.38%