NPL’s profits grow by 36% due to lower O&Ms and higher efficiency
By MG News | October 23, 2019 at 05:21 PM GMT+05:00
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
.jpeg)
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 130,344.03 345.79M |
1.67% 2144.61 |
| ALLSHR | 81,023.99 1,021.87M |
1.55% 1236.37 |
| KSE30 | 39,908.26 141.62M |
2.05% 803.27 |
| KMI30 | 189,535.00 150.29M |
1.40% 2619.39 |
| KMIALLSHR | 54,783.66 508.76M |
1.07% 581.78 |
| BKTi | 34,940.73 55.86M |
4.37% 1464.05 |
| OGTi | 28,296.06 16.02M |
1.19% 333.47 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 109,820.00 | 110,455.00 105,440.00 |
4070.00 3.85% |
| BRENT CRUDE | 69.13 | 69.21 66.94 |
2.02 3.01% |
| RICHARDS BAY COAL MONTHLY | 97.50 | 0.00 0.00 |
0.75 0.78% |
| ROTTERDAM COAL MONTHLY | 109.20 | 110.00 108.25 |
1.70 1.58% |
| USD RBD PALM OLEIN | 998.50 | 998.50 998.50 |
0.00 0.00% |
| CRUDE OIL - WTI | 67.53 | 67.58 65.23 |
2.08 3.18% |
| SUGAR #11 WORLD | 15.56 | 15.97 15.44 |
-0.14 -0.89% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Trade Balance
CPI
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|