SAZEW’s 9MFY23 profits clock in at Rs523.74mn

Financial Results for the period of nine months ended on March 31, 2023 (Rupees)

Mar-23

Mar-22

% Change

Sales - net

                     12,593,016,354

                       7,073,227,219

78.04%

Cost of sales

                     11,301,677,995

                       6,515,677,705

73.45%

Gross profit

                       1,291,338,359

                           557,549,514

131.61%

Distribution cost

                         (217,800,691)

                         (121,663,220)

79.02%

Administrative expenses

                         (147,451,290)

                         (107,743,895)

36.85%

Other operating expenses

                           (53,939,609)

                           (16,337,864)

230.15%

                         (419,191,590)

                         (245,744,979)

70.58%

Other income

                             17,608,203

                             10,073,755

74.79%

Operating profit before finance cost

                           889,754,972

                           321,878,290

176.43%

Finance cost

                         (133,218,417)

                           (31,786,100)

319.11%

Profit before taxation

                           756,536,555

                           290,092,190

160.79%

Taxation

                         (232,791,478)

                         (172,094,590)

35.27%

Profit after taxation

                           523,745,077

                           117,997,60

343.86%

Earnings per share - basic and diluted

8.66

1.95

344.10%