Rafhan Maize maintains its Profit after Tax for the outgoing quarter

06:47
April 16, 2019
MG

April 16, 2019 (MLN): Rafhan Maize Products Company Limited has stated its Profit after Tax for the quarter ended March 31, 2019, at Rs. 1.08 billion, i.e. almost the same as the PAT of same period last year.

The company was able to maintain its profit margins due to a somewhat same increase in absolute amounts of sales revenue and cost of sales, which led to 2.48% increase in gross profit margins.

The increase in the company’s major expense heads led to a decrease of 2.5% in the operating profit margins. However, this was alleviated by a slight drop of 3.2% in Finance costs and 8.75% in tax expense.

Moreover, the company’s Earnings per Share (EPS) stood at Rs. 117.54, which is almost the same as that of same period last year.

The company also announced an interim cash dividend for the aforementioned period at Rs. 100 per share, i.e. 1000%.

Profit and loss account for the quarter ended March 31 2019 (Rupees'000)
	Mar-19	Mar-18	% Change
Sales – Net	8,585,482	7,082,317	21.22%
Cost of sales	-6,704,148	-5,246,513	27.78%
Gross profit	1,881,334	1,835,804	2.48%
Distribution expenses	-217,820	-171,870	26.74%
Administrative expenses	-144,385	-106,997	34.94%
Other income	60,681	63,774	-4.85%
Other expenses	-104,028	-107,017	-2.79%
Operating Profit	1,475,782	1,513,694	-2.50%
Finance Cost	-5,190	-5,365	-3.26%
Profit before taxation	1,470,592	1,508,329	-2.50%
Taxation	-384,929	-421,856	-8.75%
Profit after taxation	1,085,663	1,086,473	-0.07%
Earnings per share-Basic and diluted (Rupees)	117.54	117.63	-0.08%

Copyright Mettis Link News

Posted on: 2019-04-16T11:47:00+05:00

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44	AMD	392.60000	392.60000	392.60000	392.60000	08:00 PM
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48	XPT	931.58700	937.31300	937.31280	931.58720	02:00 AM
49	XPD	1,026.51000	1,034.34000	1,034.33590	1,026.50920	02:00 AM
2,120	VES	36.25120	36.34210	36.34210	36.25125	08:00 PM
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BKTi	17,861.34	17,826.912	17,489.40	244.864	1.393	16,782,769.0	1,601,100,031.210	19/04/2024 05:13 PM
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