Sapphire Fibres Ltd. sales rises 16% to Rs. 14 Billion
MG News | September 28, 2017 at 03:58 PM GMT+05:00
- Sapphire Fibres Limited sales for the period increased by rise for
- The company’s cost of sales for the period increased by 18.5 % out doing the Sales increase
- Despite increased sales, Gross Profit decreased by 11% due to a higher cost of Sales incurred during the period
The company’s profits were comparatively lower than the corresponding period last year, with a decrease of more than 19% in profits amounting to 1.10 billion at the year end. The company had to pay hefty taxes of 260 million during the period a net increase of 160%.
Comparison of Key Financials
| Unconsolidated Profit and Loss Account - For the Year Ended | |||
| Key Financials | 2017 | 2016 | % Change |
| Amounts in PKR | |||
| Sales | 14,465,758,945 | 12,478,390,364 | 15.93% |
| Cost of Sales | 13,491,724,210 | 11,388,671,684 | 18.47% |
| Gross Profit | 974,034,735 | 1,089,718,680 | -10.62% |
| Dist: Cost | 463,270,990 | 379,138,764 | 22.19% |
| Admin: Expenses | 302,998,941 | 269,453,034 | 12.45% |
| Other Income | 1,855,690,252 | 1,633,722,398 | 13.59% |
| Other Expenses | 127,521,211 | 148,411,522 | -14.08% |
| Profit from Operations | 1,935,933,845 | 1,926,437,758 | 0.49% |
| Finance Cost | 536,736,909 | 424,439,095 | 26.46% |
| Profit before Taxation | 1,399,196,936 | 1,501,998,663 | -6.84% |
| Taxation | 260,122,474 | 100,268,380 | 159.43% |
| PAT | 1,139,074,462 | 1,401,730,283 | -18.74% |
| EPS - Basic and Diluted | 57.86 | 71.20 | -18.74% |
Related News
.jpg)
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 138,692.67 272.66M | -0.40% -561.69 |
| ALLSHR | 85,794.52 646.13M | -0.13% -109.75 |
| KSE30 | 42,414.87 62.56M | -0.50% -213.30 |
| KMI30 | 195,013.85 65.08M | -0.54% -1058.02 |
| KMIALLSHR | 56,594.69 245.40M | -0.07% -37.41 |
| BKTi | 37,920.00 12.79M | -0.43% -164.85 |
| OGTi | 27,769.25 6.81M | -1.02% -284.98 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 117,500.00 | 119,880.00 117,500.00 | -1535.00 -1.29% |
| BRENT CRUDE | 69.53 | 69.67 69.21 | 0.35 0.51% |
| RICHARDS BAY COAL MONTHLY | 96.50 | 0.00 0.00 | 2.20 2.33% |
| ROTTERDAM COAL MONTHLY | 104.50 | 104.50 104.50 | -0.30 -0.29% |
| USD RBD PALM OLEIN | 998.50 | 998.50 998.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 66.36 | 66.49 66.05 | 0.33 0.50% |
| SUGAR #11 WORLD | 16.57 | 16.63 16.25 | 0.33 2.03% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Disbursement Report of Foreign Economic Assistance Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|