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

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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, 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