PSMC records 66% drop in annual profits

10:13
March 25, 2019
MG

March 25, 2019 (MLN): Pak Suzuki Motors Company Limited (PSMC) has reported net profit of Rs. 1.2 billion for the year ended December 31, 2018, i.e. approximately 66% lower than the profit of last year. Moreover, the Company’s Earing per Share stood at Rs. 15.77.

The cost of sales increased by a greater amount (Rs. 20 billion) as compared to the increase in sales revenue (Rs. 18 billion).

Moreover, the massive increase in finance costs also contributed in dragging down the company’s profitability.

The company announced a final cash dividend for the period under review at Rs. 3.16 per share i.e. 31.6%.

Profit and loss account for the year ended December 31 2018 (Rupees'000)
	Dec-18	Dec-17	% Change
Turnover	119,853,898	101,811,611	17.72%
Cost of sales	-112,809,033	-92,159,038	22.41%
Gross Profit	7,044,865	9,652,573	-27.02%
Distribution costs	-2,706,853	-2,804,256	-3.47%
Administrative expenses	-2,301,080	-1,599,815	43.83%
Finance costs	-362,523	-68,088	432.43%
Other income	565,943	864,711	-34.55%
Workers' profit participation fund	-111,856	-301,660	-62.92%
Workers' welfare fund	-42,348	-112,337	-62.30%
Profit from operations	2,086,148	5,631,128	-62.95%
Share of loss of equity accounted investee	-3,212	-11,914	-73.04%
Profit before taxation	2,082,936	5,619,214	-62.93%
Taxation	-784,828	-1,793,393	-56.24%
Net Profit for the period after Tax	1,298,108	3,825,821	-66.07%
Earnings per share – basic	15.77	46.49	-66.08%

Copyright Mettis Link News

Posted on: 2019-03-25T15:13:00+05:00

26945

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.60000	278.80000	278.80000	278.60000	01:02 PM
2	EUR	1.06990	1.07020	1.07020	1.06990	01:00 AM
3	GBP	1.24870	1.24890	1.24890	1.24870	01:00 AM
4	CHF	0.91464	0.91512	0.91512	0.91464	01:04 AM
5	JPY	158.09000	158.10000	158.10000	158.09000	01:00 AM
6	CAD	1.36780	1.36830	1.36830	1.36780	01:00 AM
7	AUD	0.65320	0.65360	0.65360	0.65320	01:00 AM
8	INR	83.40270	83.40320	83.40320	83.40270	08:00 PM
9	SAR	3.75050	3.75070	3.75070	3.75050	10:05 AM
10	AED	3.67240	3.67340	3.67340	3.67240	01:59 AM
11	HKD	7.82830	7.82840	7.82840	7.82830	01:00 AM
12	CNH	7.26210	7.26410	7.26410	7.26210	08:00 PM
13	CNY	7.24640	7.24650	7.24650	7.24640	09:11 PM
14	THB	36.99000	37.04000	37.04000	36.99000	08:00 PM
15	MYR	4.76500	4.77000	4.77000	4.76500	08:00 PM
16	IDR	16,232.20000	16,250.40000	16,250.40000	16,232.20000	08:00 PM
17	SGD	1.36210	1.36310	1.36310	1.36210	01:00 AM
18	NZD	0.59360	0.59420	0.59420	0.59360	12:59 AM
19	MXN	17.14510	17.17510	17.17510	17.14510	01:00 AM
20	TRY	32.50600	32.51000	32.51000	32.50600	08:00 PM
21	SEK	10.76040	11.01820	11.01815	10.76041	01:00 AM
22	ZAR	18.55910	18.96020	18.96019	18.55911	01:00 AM
23	NOK	11.03580	11.04180	11.04180	11.03580	01:00 AM
24	DKK	6.97030	6.97130	6.97130	6.97030	12:59 AM
25	ARS	875.82900	875.97800	875.97823	875.82872	01:04 AM
26	BDT	108.34000	111.70400	111.70397	108.33995	08:00 PM
27	BHD	0.37698	0.37713	0.37713	0.37698	06:54 PM
28	BRL	5.11480	5.11780	5.11780	5.11480	08:00 PM
29	KRW	1,376.43000	1,379.75000	1,379.75000	1,376.43000	08:00 PM
30	KWD	0.30808	0.30818	0.30818	0.30808	01:03 AM
31	LKR	293.46400	300.00500	300.00467	293.46353	08:00 PM
32	OMR	0.38476	0.38526	0.38526	0.38476	01:58 AM
33	QAR	3.64600	3.64800	3.64800	3.64600	01:59 AM
34	RUB	92.27000	92.29000	92.29000	92.27000	08:00 PM
35	AFN	71.37320	73.24210	73.24207	71.37317	08:00 PM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:54 AM
37	TMT	3.35000	3.65000	3.65000	3.35000	08:00 PM
38	MVR	15.26000	15.66000	15.66000	15.26000	08:00 PM
39	UZS	12,638.40000	12,703.80000	12,703.82657	12,638.41518	08:00 PM
40	PHP	57.51700	57.76000	57.76000	57.51700	08:00 PM
42	NGN	1,305.72000	1,306.72000	1,306.72000	1,305.72000	08:00 PM
43	KES	131.42100	134.22400	134.22417	131.42083	08:00 PM
44	AMD	388.08000	388.08000	388.08000	388.08000	08:00 PM
45	TWD	32.58800	32.61800	32.61800	32.58800	08:00 PM
46	XAU	2,337.48000	2,338.39000	2,338.39000	2,337.48000	10:46 PM
47	XAG	27.15820	27.20580	27.20580	27.15820	10:46 PM
48	XPT	915.55000	917.95000	917.95000	915.55000	01:59 AM
49	XPD	954.21200	962.02800	962.02800	954.21200	02:00 AM
2,120	VES	36.33200	36.42320	36.42315	36.33204	08:00 PM
2,212	UGX	3,781.71000	3,865.81000	3,865.81320	3,781.71284	08:00 PM
2,213	TZS	2,549.64000	2,643.09000	2,643.08742	2,549.64257	08:00 PM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	72,862.41	72,742.748	71,764.18	771.347	1.072	302,352,233.0	14,307,377,262.460	26/04/2024 05:12 PM
ALLSHR	47,721.89	47,489.465	47,040.09	314.510	0.667	540,778,150.0	22,562,380,076.020	26/04/2024 05:12 PM
KSE30	24,069.72	24,033.869	23,676.59	284.824	1.199	79,764,833.0	9,454,683,795.040	26/04/2024 05:12 PM
KMI30	122,624.63	122,414.850	120,539.93	1,511.894	1.251	130,473,781.0	8,715,975,575.960	26/04/2024 05:12 PM
KMIALLSHR	34,120.82	34,003.274	33,623.23	303.834	0.902	336,036,323.0	17,261,793,362.150	26/04/2024 05:12 PM
BKTi	18,098.00	18,061.700	17,783.46	189.341	1.059	12,829,416.0	1,502,941,695.300	26/04/2024 05:12 PM
OGTi	17,165.47	17,018.023	16,915.39	-13.038	-0.077	13,158,963.0	1,843,356,910.500	26/04/2024 05:12 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	64,530.0	65,395.0	63,775.0	-740.00
BRENT CRUDE	EB	89.3	89.8	88.8	0.32
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-1.25
ROTTERDAM COAL MONTHLY	ET	117.5	117.5	117.5	-1.05
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	83.7	84.5	83.4	0.09
SUGAR #11 WORLD	SB	19.1	19.6	19.0	-0.04

To see more commodities please register for our portal

Top 5 things to watch in this week

Charts

KSE100 (Last)

KSE100 (Volume)

KSE100 (Last)

KSE100 (Volume)

MPS Preview: High for Longer

Trending :

PSMC records 66% drop in annual profits

Top 5 things to watch in this week

Charts

Stay Connected

Read Next

MG Morning Breeze: Updates to Skim before Market

Pakistan’s Power sector attracts highest net FDI of $168m in March

ENGRO declares Rs11 DPS as profit spikes by over 69% YoY in 1QCY24

Trading activity at PMEX soars by 43% DoD