Pak Elektron revenue for 9MFY17 rises 25% to Rs. 33 billion

MG News | October 26, 2017 at 02:41 PM GMT+05:00

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Pak Elektron Revenue for the period increased by 24.92%, amounting to a total of 33 billion Rupees during the quarter ended September, 30^th 2017
Gross Profit increased by 13.76% with a substantial increase of 67% in sales tax and discounts
Pak Elektron reported a 47% increase intotal distribution costs
The company reported a Profit after Tax of 2.97 billion, a decline of 1.15% against 3 billion profits from same quarter last year
Earnings per share fell to -2.19 rupees in the last three months vs 1.29 in same quarter during 2016

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Nine Months Ended, September 30^th 2017
Key Financials	2017	2016	% Change
	Amounts in PKR` 000
Revenue	33,876,335	27,119,092	24.92%
Sales Tax and Discount	7,816,686	4,680,044	67.02%
Revenue - Net	26,059,649	22,439,048	16.14%
Cost of Sales	18,335,527	15,649,447	17.16%
Gross Profit	7,724,121	6,789,601	13.76%
Other Operating Income	15,854	25,234	-37.17%
Distribution Cost	1,928,963	1,308,464	47.42%
Administrative Expenses	846,227	647,758	30.64%
Other Operating Expenses	161,907	155,172	4.34%
Finance Cost	1,234,003	1,197,684	3.03%
Profit before Tax	3,570,281	3,509,075	1.74%
Taxation	598,619	502,732	19.07%
Profit after Tax	2,971,662	3,006,343	-1.15%
EPS - Basic and diluted	5.91	6.24	-5.29%

Company release on Earnings Report can be accessed here.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
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BRENT CRUDE	66.29	66.30 64.29	2.23 3.48%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-3.00 -3.34%
ROTTERDAM COAL MONTHLY	98.50	0.00 0.00	-0.30 -0.30%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	61.28	61.36 59.52	1.92 3.23%
SUGAR #11 WORLD	14.73	14.98 14.72	-0.23 -1.54%