Sapphire Fibres Ltd. sales rises 16% to Rs. 14 Billion

MG News | September 28, 2017 at 03:58 PM GMT+05:00

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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%

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