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