November 1, 2021 (MLN): Roshan Packages Limited (RPL) has announced its financial results for the first quarter ended on September 30, 2020, as per which, the profitability of the company shrunk by 88.27% YoY, stood at Rs33.13 million (EPS: 0.06), compared to the profit of Rs95mn (EPS: 0.55) in 1QFY21.
The top line of the company increased by 16% YoY to clock in at Rs1.92bn during the period under review, but the jump in the cost of revenue by 20% has badly hit the gross profit (GP) as it made to contract the GP by 13% YoY compared to Rs208mn in SPLY.
On the expense side, the selling and distribution expenses have moved up by 35% YoY while the administrative expenses inched up by 5% YoY. The company also witnessed a substantial increase in its non-core expenses by 2.5x, adding pressure to the bottom line.
Furthermore, the company paid Rs24.51bn in terms of taxation during 1QFY22, 12.19% YoY higher than the taxes paid in SPLY.
|
Financial Results for the quarter ended September 30, 2021 (Rupees) |
|||
|---|---|---|---|
|
Sep-21 |
Sep-20 |
% Change |
|
|
Revenue from contracts with customers |
2,249,134,850 |
1,931,325,048 |
16.46% |
|
Sales Tax |
(329,606,035) |
(273,388,878) |
20.56% |
|
Net sales |
1,919,528,815 |
1,657,936,170 |
15.78% |
|
Cost of revenue |
(1,738,927,284) |
(1,449,925,733) |
19.93% |
|
Gross profit |
180,601,531 |
208,010,437 |
-13.18% |
|
Administrative expense |
(48,801,780) |
(46,474,431) |
5.01% |
|
Selling and distribution expense |
(56,141,455) |
(41,438,958) |
35.48% |
|
Other operating expense |
(33,673,417) |
(13,245,918) |
154.22% |
|
Operating profit/(loss) |
41,984,879 |
106,851,130 |
-60.71% |
|
Other income |
14,794,203 |
17,837,805 |
-17.06% |
|
Finance cost |
(23,648,417) |
(29,330,195) |
-19.37% |
|
Profit/(loss) before taxation |
33,130,665 |
95,358,740 |
-65.26% |
|
Taxation |
(24,509,966) |
(21,847,470) |
12.19% |
|
Profit/(loss) for the period |
8,620,699 |
73,511,270 |
-88.27% |
|
Earnings per share – basic and diluted (Rupees) |
0.06 |
0.55 |
-89.09% |
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