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
- 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
| 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.
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