Pak Suzuki Motor Company (PSMC) today announced financial results for the three months ending 31 March, 2018 reporting Turnover at Rs. 31.510 billion; an increase of 31.89 percent. Furthermore, the company’s Gross Profit fell to Rs. 2.616 billion from Rs. 2.904 billion last year during the outgoing three months.
On the expenses front, PSMC reported 13.72 percent increase in Distribution Costs, 55.31 percent increase in Administration Expenses, whereas, finance costs incurred by the company clocked in at Rs. 73.344 million during the period.
Furthermore, PSMC also reported a 5.03 percent decrease in Other Operating Income reaching Rs. 176.112 million during the three months.
Pak Suzuki Motor Company reported profit after taxation at Rs. 904.143 million against Rs. 1.306 billion during the same period last year translating into an EPS of Rs. 10.99 vs. an EPS of Rs. 15.88 during the three months ending March, 2017.
|
Unconsolidated Profit and Loss Account – For the Three Months Ended, 31 March, 2017 |
|||
|---|---|---|---|
|
Key Financials |
2018 |
2017 |
% Change |
|
Amounts in PKR ‘000 |
|||
|
Turnover |
31,510,787 |
23,890,840 |
31.89% |
|
Cost of Sales |
28,893,992 |
20,986,593 |
37.68% |
|
Gross Profit |
2,616,795 |
2,904,247 |
-9.90% |
|
Distribution Costs |
803,827 |
706,838 |
13.72% |
|
Administrative Expenses |
498,299 |
320,847 |
55.31% |
|
Finance Costs |
73,344 |
27,992 |
162.02% |
|
Other Operating Income |
176,112 |
185,433 |
-5.03% |
|
Profit from Operations |
1,319,669 |
1,893,657 |
-30.31% |
|
Profit before Taxation |
1,319,167 |
1,893,657 |
-30.34% |
|
Taxation |
415,024 |
587,034 |
-29.30% |
|
Profit for the year |
904,143 |
1,306,623 |
-30.80% |
|
EPS – Basic |
10.99 |
15.88 |
-30.79% |
Company release on Earnings Report can be accessed here.
