PPL’s net gains soar on the back of higher sales

Dec-18

Dec-17

% Change

Sales – net

                     79,056,837

                     61,180,854

29.22%

Operating expenses

                   (19,593,804)

                   (16,035,629)

22.19%

Royalties and other levies

                   (11,640,697)

                     (8,982,643)

29.59%

Gross profit

                     47,822,336

                     36,162,582

32.24%

Exploration expenses

                     (8,188,649)

                     (4,470,024)

83.19%

Administrative expenses

                     (1,100,708)

                     (1,027,997)

7.07%

Finance costs

                         (280,453)

                         (252,357)

11.13%

Other charges

                     (4,301,360)

                     (1,740,625)

147.12%

                     33,951,166

                     28,671,579

18.41%

Other income

                        6,344,601

                        4,524,373

40.23%

Profit before taxation

                     40,295,767

                     33,195,952

21.39%

Taxation

                   (10,028,238)

                   (10,836,022)

-7.45%

Profit after taxation

                     30,267,529

                     22,359,930

35.37%

Basic and diluted earnings per share (Rupees)

                                13.35

                                  9.86

35.40%