Rafhan Maize’s half yearly earnings increase by merely 0.17%

Rafhan Maize Products Limited conducted their Board of Directors meeting on August 10th 2018, to discuss their financial earnings for the Half Year Ended June 30th 2018.

According to the report released by RMPL, as compared to the Half year ended June 30th 2017, the company's Net Sales increased by 7%, but since the Cost of Sales increased by a greater margin of 11%, the Gross Profits reduced by 0.9%.

Other than that, Other income increased by 18.5% and Other expenses went down by 5.8%, thus the overall profit for the six month period went up by 0.17%.

Earnings per share for the company was reported to be Rs.230.89 per share.

Financial Results for the Half Year Ended June 30th 2018 ('000 Rupees)

 

Jun-18

Jun-17

% Change

Sales – net

                     14,270,581

                     13,247,856

7.72%

Cost of sales

                  (10,579,446)

                     (9,524,729)

11.07%

Gross profit

                       3,691,135

                       3,723,127

-0.86%

Distribution expenses

                        (355,245)

                        (329,337)

7.87%

Administrative expenses

                        (228,268)

                        (249,916)

-8.66%

Other income

                           109,798

                             92,695

18.45%

Other Expenses

                        (198,826)

                        (211,062)

-5.80%

 

                        (672,541)

                        (697,620)

-3.59%

Operating profit

                       3,018,594

                       3,025,507

-0.23%

Finance cost

                             (8,143)

                             (8,270)

-1.54%

Profit before taxation

                       3,010,451

                       3,017,237

-0.22%

Taxation

                        (877,815)

                        (888,229)

-1.17%

Profit after taxation

                       2,132,636

                       2,129,008

0.17%

Earnings per share – basic and diluted (Rupees)

                             230.89

                             230.50

0.17%

 

 

Posted on: 2018-08-13T11:26:00+05:00

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