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

    • 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.

    Posted on: 2017-10-26T15:36:00+05:00