September 24, 2018 (MLN): Sazgar Engineering Works Limited (SAZEW) has reported a 30% rise in its bottom-line profits for the year ended June 30th 2018, as the profits climbed from Rs.142.8 million to Rs.186 million, based on a year-on-year comparison.
The company’s Board of Directors meeting took place earlier today, and a report containing details of the earnings for the year was issued to PSX.
In line with the contents of the report, the company’s net sales observed an almost 10% hike while the gross profits increased by 17%.
Although operating expenses for the year rose by 12%, Sazgar’s operating profits maintained momentum and escalated by 26%, YoY.
The company’s earnings per share have grown by 30% as well, up from Rs.6.62 per share to Rs.8.62 per share, YoY.
Financial Results for the Year Ended June 30th 2018 (Rupees) |
|||
---|---|---|---|
|
Jun-18 |
Jun-17 |
% Change |
Sales – net |
3,968,217,110 |
3,618,144,493 |
9.68% |
Cost of sales |
3,523,304,219 |
3,238,663,489 |
8.79% |
Gross profit |
444,912,891 |
379,481,004 |
17.24% |
Distribution cost |
95,040,742 |
83,912,593 |
13.26% |
Administrative expenses |
74,670,096 |
65,884,066 |
13.34% |
Other operating expenses |
27,208,282 |
26,703,862 |
1.89% |
|
196,919,120 |
176,500,521 |
11.57% |
|
247,993,771 |
202,980,483 |
22.18% |
Other income |
11,580,630 |
2,922,832 |
296.21% |
Operating profit before finance cost |
259,574,401 |
205,903,315 |
26.07% |
Finance cost |
4,895,759 |
1,789,570 |
173.57% |
Profit before taxation |
254,678,642 |
204,113,745 |
24.77% |
Taxation |
68,673,624 |
61,291,804 |
12.04% |
Profit after taxation |
186,005,018 |
142,821,941 |
30.24% |
Earnings per share – basic and diluted |
8.62 |
6.62 |
30.21% |
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