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

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%