Saif Power Ltd. profit for 9MCY17 rises 17.8% to Rs. 1.97 billion

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By MG News | October 25, 2017 at 01:57 PM GMT+05:00

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  • Saif Power Ltd. Net Turnover for the period increased by 20.34% clocking in at 10.89 billion against last year’s net turnover of 9.05 billion
  • Company’s other income fell by 68.46%, contributing a total of 3.6 billion against 11.6 billion during last year
  • Bottom line profits reached 1.97 billion up 17.78% against 1.67 billion last year
  • Company’s earnings per share clocked in at 5.1 vs 4.33 during FY ‘16
Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Nine Months Ended, September 30th 2017

Key Financials

2017

2016

% Change
 

Amounts in PKR

Turnover – net

10,899,721,707

9,057,170,987

20.34%

Cost of Sales

8,296,689,415

6,685,253,750

24.10%

Gross Profit

2,603,032,292

2,371,917,237

9.74%

Administrative Expenses

120,768,540

101,614,287

18.85%

Finance Cost

514,952,806

608,475,475

-15.37%

Other Income

3,670,059

11,637,204

-68.46%

Profit for the period

1,970,981,005

1,673,464,679

17.78%

EPS - Basic & diluted

5.10

4.33

17.78%

Company release on Earnings Report can be accessed here.

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