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

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%