PAEL’s bottom-line gains slip by 50% due to reduced top-line earnings

10:17
October 30, 2018
MG

October 30, 2018 (MLN): Pak Elektron Limited (PAEL)’s consolidated profits for the nine months ended September 30, 2018 have slipped significantly as they logged in at Rs.1.3 billion, (-55%) while EPS was recorded at Rs.2.61 per share.

The company’s topline earnings tumbled by over 8% while gross profits (Rs.5.8 billion) came down by 24% during the period, YoY.

Moreover, PAEL’s net expenses including finance cost grew, while non-core income dipped by 16%, resulting in a 58% decline in pretax profits (Rs.1.5 billion).

Consolidated Financial Results for the nine months ended September 30th 2018 ('000 Rupees)
	Sep-18	Sep-17	% Change
GROSS SALES	30,911,655	33,876,335	-8.75%
SALES TAX AND DISCOUNTS	(7,190,611)	(7,816,686)	-8.01%
NET SALES	23,721,044	26,059,649	-8.97%
COST OF SALES	(17,887,068)	(18,335,528)	-2.45%
GROSS PROFIT	5,833,976	7,724,121	-24.47%
OTHER OPERATING INCOME	13,255	15,854	-16.39%
DISTRIBUTION COST	(1,739,743)	(1,928,963)	-9.81%
ADMINISTRATIVE EXPENSES	(932,813)	(846,227)	10.23%
OTHER OPERATING EXPENSES	(65,112)	(161,907)	-59.78%
FINANCE COST	(1,609,554)	(1,234,003)	30.43%
SHARE OF PROFIT/(LOSS) OF ASSOCIATE	(1,095)	1,406
PROFIT BEFORE TAXATION	1,498,914	3,570,281	-58.02%
PROVISION FOR TAXATION	(166,662)	(598,619)	-72.16%
PROFIT AFTER TAXATION	1,332,252	2,971,662	-55.17%
EARNINGS PER SHARE	2.61	5.91	-55.84%

Copyright Mettis Link News

Posted on: 2018-10-30T15:17:00+05:00

23984

FOREX

EQUITY

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FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.60000	278.80000	278.80000	278.60000	01:02 PM
2	EUR	1.07157	1.07160	1.07160	1.07157	07:59 AM
3	GBP	1.25123	1.25127	1.25127	1.25123	07:59 AM
4	CHF	0.91208	0.91214	0.91214	0.91208	07:59 AM
5	JPY	156.80200	156.81200	156.81200	156.80200	07:59 AM
6	CAD	1.36554	1.36561	1.36561	1.36554	07:59 AM
7	AUD	0.65356	0.65360	0.65360	0.65356	07:59 AM
8	INR	83.36740	83.36790	83.36790	83.36740	07:59 AM
9	SAR	3.75050	3.75080	3.75080	3.75050	04:59 PM
10	AED	3.67280	3.67310	3.67310	3.67280	04:59 PM
11	HKD	7.82848	7.82880	7.82880	7.82848	07:59 AM
12	CNH	7.26310	7.26323	7.26323	7.26310	07:59 AM
13	CNY	7.23930	7.24050	7.24050	7.23930	11:15 PM
14	THB	36.94100	36.96700	36.96700	36.94100	07:59 AM
15	MYR	4.76500	4.77000	4.77000	4.76500	04:58 AM
16	IDR	16,220.60000	16,232.40000	16,232.40000	16,220.60000	07:59 AM
17	SGD	1.36125	1.36140	1.36140	1.36125	07:59 AM
18	NZD	0.59498	0.59502	0.59502	0.59498	07:59 AM
19	MXN	17.25970	17.26470	17.26465	17.25965	07:59 AM
20	TRY	32.50750	32.51070	32.51067	32.50748	07:59 AM
21	SEK	10.91810	10.91990	10.91985	10.91807	07:59 AM
22	ZAR	18.85620	18.86520	18.86190	18.85780	07:59 AM
23	NOK	11.00390	11.00650	11.00647	11.00385	07:59 AM
24	DKK	6.95887	6.95941	6.95941	6.95887	07:59 AM
25	ARS	873.74200	873.75200	873.75200	873.74200	07:59 AM
26	BDT	108.01100	111.36500	111.36523	108.01142	07:19 AM
27	BHD	0.37703	0.37708	0.37708	0.37703	04:59 PM
28	BRL	5.15390	5.15690	5.15690	5.15390	07:56 AM
29	KRW	1,375.73000	1,377.73000	1,377.73000	1,375.73000	07:58 AM
30	KWD	0.30777	0.30797	0.30797	0.30777	04:59 PM
31	LKR	292.57900	299.10100	299.10051	292.57908	07:19 AM
32	OMR	0.38498	0.38503	0.38503	0.38498	04:59 PM
33	QAR	3.64600	3.64800	3.64800	3.64600	04:58 PM
34	RUB	92.27000	92.29000	92.29000	92.27000	08:00 PM
35	AFN	71.15810	73.02130	73.02133	71.15807	07:19 AM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:54 AM
37	TMT	3.35000	3.65000	3.65000	3.35000	08:00 PM
38	MVR	15.26000	15.66000	15.66000	15.26000	08:00 PM
39	UZS	12,600.10000	12,665.30000	12,665.30340	12,600.09037	07:19 AM
40	PHP	57.67600	57.72800	57.72800	57.67600	07:59 AM
42	NGN	1,305.72000	1,306.72000	1,306.72000	1,305.72000	07:26 AM
43	KES	134.00000	136.00000	136.00000	134.00000	06:47 AM
44	AMD	360.45200	416.35000	416.35030	360.45185	07:19 AM
45	TWD	32.58750	32.61750	32.61750	32.58750	07:59 AM
46	XAU	2,344.62000	2,344.99000	2,344.99000	2,344.62000	07:58 AM
47	XAG	27.56720	27.57560	27.57560	27.56720	07:58 AM
48	XPT	915.90000	917.40000	917.40000	915.90000	04:59 PM
49	XPD	966.75000	971.75000	971.75000	966.75000	04:59 PM
2,120	VES	36.33200	36.42320	36.42315	36.33204	08:00 PM
2,212	UGX	3,770.25000	3,854.09000	3,854.09049	3,770.24515	07:19 AM
2,213	TZS	2,589.99000	2,590.01000	2,590.01500	2,589.98500	06:47 AM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	72,862.41	72,742.748	71,764.18	771.347	1.072	302,319,583.0	14,306,624,540.960	26/04/2024 05:12 PM
ALLSHR	47,721.89	47,489.465	47,040.09	314.510	0.667	540,723,045.0	22,561,424,095.000	26/04/2024 05:12 PM
KSE30	24,069.72	24,033.869	23,676.59	284.824	1.199	79,759,783.0	9,454,093,371.540	26/04/2024 05:12 PM
KMI30	122,624.63	122,414.850	120,539.93	1,511.894	1.251	130,442,731.0	8,715,267,112.460	26/04/2024 05:12 PM
KMIALLSHR	34,120.82	34,003.274	33,623.23	303.834	0.902	335,982,218.0	17,260,849,091.130	26/04/2024 05:12 PM
BKTi	18,098.00	18,061.700	17,783.46	189.341	1.059	12,829,416.0	1,502,941,695.300	26/04/2024 05:10 PM
OGTi	17,165.47	17,018.023	16,915.39	-13.038	-0.077	13,153,963.0	1,842,786,660.500	26/04/2024 05:10 PM

Data is delayed by 20 minutes

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Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	64,805.0	65,390.0	64,510.0	-465.00
BRENT CRUDE	EB	89.6	89.7	89.0	0.55
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-0.70
ROTTERDAM COAL MONTHLY	ET	118.5	0.0	0.0	-0.05
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	84.1	84.2	83.6	0.55
SUGAR #11 WORLD	SB	19.6	19.6	19.0	0.41

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