Punjab Oil Mills Limited profits fall by 15.03 percent to Rs. 125.186 million

Punjab Oil Mills Limited (POML) today announced financial results for the nine months period ending 31 March, 2018 reporting Sales at Rs. 3.571 billion; up 14.12 percent from same period last year. Furthermore, the company’s Gross Profit rose to Rs. 558.260 million from Rs. 498.164 million last year during the outgoing nine months.

On the expenses front, POML reported 87.45 percent decrease in Selling and Distribution Expenses, 9.71 percent increase in Administrative Expenses, whereas, Finance Costs incurred by the company went up by 223.76 percent during the period.

Furthermore, POML also reported a 25.26 percent decline in Other Income reaching Rs. 4.944 million during the nine months.

Punjab Oil Mills Limited reported profit after taxation at Rs. 125.186 million against Rs. 147.3311 million during the same period last year translating into an EPS of Rs. 23.22 vs. an EPS of Rs. 27.33 during the nine months ending March, 2017. 

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Nine Months Ended, March 30th 2018

Key Financials

March, 2018

March, 2017

% Change

 

Amounts in PKR’ 000

Sales – Net

3,571,380,675

3,129,580,207

14.12%

Cost of Sales

3,013,119,906

2,631,416,157

14.51%

Gross Profit

558,260,769

498,164,050

12.06%

Operating Expenses

 

 

 

Selling and Distribution Costs

22,986,351

183,105,881

-87.45%

Administrative Expenses

104,390,141

95,153,486

9.71%

Operating Profit

224,001,277

219,904,683

1.86%

Finance Cost

6,655,800

2,055,783

223.76%

Other Operating Charges

16,153,668

16,309,920

-0.96%

Other Income

4,944,341

6,615,430

-25.26%

Profit before Taxation

206,136,150

208,154,410

-0.97%

Taxation

80,949,535

60,822,468

33.09%

Profit after Taxation

125,186,615

147,331,942

-15.03%

EPS – Basic and diluted

23.22

27.33

-15.04%

Company release on Earnings Report can be accessed here.

Posted on: 2018-04-26T17:51:00+05:00