Saif Power Ltd's profits up by 17% on account of improved top-line earnings

News Image

By MG News | October 23, 2018 at 03:50 PM GMT+05:00

0:00

 October 23, 2018 (MLN): Saif Power Limited’s profits for the nine month period ended on September 30, 2018 have gone up significantly when compared to the profits earned during the corresponding period of last year.

The hike in gains came about as a result of higher net turnover by the company.

As per an official report on the company’s financial earnings for the period, net turnover leapt up by 32% while gross profits increased by 16%.

Although finance cost increased by a noticeable magnitude, the company still managed to maintain an upward trend in gains as they rose by 17% from Rs.1.9 billion to Rs.2.3 billion.

Saif Power’s basic and diluted earnings per share increased by Rs.0.87 per share, to Rs.5.97 per share.

In addition to this, the board of directors of the company also recommended an interim cash dividend at Rs.1.65 per share (16.5%).

Financial results for the nine month period ended September 30th 2018 (Rupees)

 

Sep-18

Sep-17

% Change

Turnover - net

            14,403,010,700

            10,899,721,707

32.14%

Cost of sales

          (11,382,904,742)

            (8,296,689,415)

37.20%

Gross profit

              3,020,105,958

              2,603,032,292

16.02%

Administrative expenses

                (109,538,915)

                (120,768,540)

-9.30%

Finance cost

                (606,258,140)

                (514,952,806)

17.73%

Other income

                       1,943,148

                       3,670,059

-47.05%

Profit for the period

              2,306,252,051

              1,970,981,005

17.01%

Earnings per share - basic and diluted

                                 5.97

                                 5.10

17.06%

 

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 132,576.99
161.03M
-0.62%
-826.20
ALLSHR 82,983.68
903.36M
-0.25%
-204.38
KSE30 40,358.80
56.86M
-0.72%
-292.66
KMI30 190,727.32
67.92M
-0.71%
-1356.60
KMIALLSHR 55,698.48
457.08M
-0.27%
-149.22
BKTi 36,242.06
11.15M
-0.50%
-180.82
OGTi 28,323.42
10.71M
-0.40%
-114.19
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,425.00 110,265.00
108,625.00
210.00
0.19%
BRENT CRUDE 70.46 70.71
69.61
0.31
0.44%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.45
1.51%
ROTTERDAM COAL MONTHLY 108.00 109.00
107.95
0.90
0.84%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.71 68.94
67.70
0.38
0.56%
SUGAR #11 WORLD 16.58 16.61
16.08
0.45
2.79%

Chart of the Day


Latest News
July 09, 2025 at 05:27 PM GMT+05:00

Gold price in Pakistan falls Rs3,000 per tola


July 09, 2025 at 05:26 PM GMT+05:00

UBL crowned top performing Primary Dealer in FY25


July 09, 2025 at 05:11 PM GMT+05:00

SECP approves name change for Secure Logistics



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg