Sazgar Engineering Works Ltd. net sales increased by 16.46%, amounting to a total of 921 million Rupees during the first quarter ended September, 30th 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 30th 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.