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

  • Pak Elektron Revenue for the period increased by 24.92%, amounting to a total of 33 billion Rupees during the quarter ended September, 30th 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 30th 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.

Posted on: 2017-10-26T14:41:00+05:00