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

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	122,246.64 318.30M	5.23% 6079.17
ALLSHR	76,223.89 801.54M	5.11% 3703.45
KSE30	37,283.86 136.97M	5.30% 1876.51
KMI30	181,853.72 159.18M	7.01% 11912.16
KMIALLSHR	52,456.38 479.10M	6.03% 2983.25
BKTi	30,992.45 33.33M	4.22% 1254.08
OGTi	27,593.03 20.61M	6.87% 1772.97

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	105,615.00	106,430.00 103,850.00	2320.00 2.25%
BRENT CRUDE	67.80	70.20 66.82	-3.68 -5.15%
RICHARDS BAY COAL MONTHLY	88.00	0.00 0.00	-3.85 -4.19%
ROTTERDAM COAL MONTHLY	103.45	103.45 103.45	-1.00 -0.96%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	65.01	67.83 64.00	-3.50 -5.11%
SUGAR #11 WORLD	16.33	16.71 16.27	-0.24 -1.45%