Saif Power Limited half year bottom line surges 14 percent

Saif Power Limited’s profits for the half year ended June 30, 2018 rose by 14% as the company reported a profit of Rs 1.508 billion this year, compared to a profit of Rs 1.322 billion last year as at June 30, 2017.

While the company’s turnover increase by about 18.72% over the year, its cost of sales rose by 20.18%. Gross profit rose by 13.76% as at June 30, 2018.

On the expenses front, the company managed to reduce its administrative expenses by about 9% but finance costs for the firm surged by 17%. In addition to that, income from other sources fell by close to 75% this year.

The company also declared an EPS of Rs 3.90 for the half year ended on June 30, 2018, a 14% growth over the Rs 3.42 EPS declared a year ago for up to June 30, 2017.