Sazgar Engineering Works Ltd. profits in 1QFY17 rise by 27% to Rs. 37 million

MG News | October 26, 2017 at 03:36 PM GMT+05:00

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Sazgar Engineering Works Ltd. net sales increased by 16.46%, amounting to a total of 921 million Rupees during the first quarter ended September, 30^th 2017
Gross Profit increased by more than 21% to a total of 101 million
Company’s Distribution costs for the period increased by 27.2%, taking a total of 25 million from bottom line
Sazgar Engineering Works Ltd.’s Profit after tax rose by 27.6% to 37 million, against profit of Rs 29.4 million from same period last year
Earnings per share for the period was 2.09 rupees in the quarter vs 1.64 rupees in same period during 2016

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Three Months Ended, September 30^th 2017
Key Financials	2017	2016	% Change
	Amounts in PKR
Sales - Net	921,959,171	791,656,748	16.46%
Cost of Sales	820,714,290	708,569,976	15.83%
Gross Profit	101,244,881	83,086,772	21.85%
Distribution Cost	25,091,089	19,722,101	27.22%
Administrative Expenses	18,158,761	15,526,237	16.96%
Other Operating Expenses	3,941,622	3,363,058	17.20%
Other Income	503,911	473,434	6.44%
Operating Profit before Finance Cost	54,557,320	44,948,810	21.38%
Finance Cost	1,967,878	335,496	486.56%
Profit before Taxation	52,859,442	44,613,314	18.48%
Taxation	15,249,031	15,138,061	0.73%
Profit after Taxation	37,610,411	29,475,253	27.60%
Eps - Basic and diluted	2.09	1.64	27.44%

Company release on Earnings Report can be accessed here.

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BRENT CRUDE	101.05	101.20 94.89	6.98 7.42%
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USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	92.71	92.82 87.32	5.88 6.77%
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