SEARL's net profits decline by 2% YoY

News Image

MG News | April 27, 2020 at 03:43 PM GMT+05:00

0:00

April 27, 2020 (MLN): SEARLE Company Limited has reported around 2% YoY decline in net profits to Rs 1.76 billion for nine months ended on March 31, 2020, compared to the profits of Rs 1.79 billion in the same period last year.

The earnings per share of the company clocked in at Rs 8.11 per share against Rs 8.34 in the corresponding period last year.

During the period, the company’s revenues jumped to 13% YoY due to the rise in volumetric sales and rose in demand for essential medicines due to COVID-19 pandemic. However, the full impact of this will be perceived in 4QFY20.

The gross margins of the company declined marginally to 48% from 49% due to seasonality.

On the cost front, the company Admin expenses reduced by 3.4% YoY while its Distribution and other expenses surged by 11.29% and 44.49% respectively.

The company also witnessed a jump in effective tax rate from 18% to 30% which put a limit on the company’s profitability.

Consolidated Statement of Profit or Loss for the Nine months ended March 31st, 2020 ('000 Rupees)

 

Mar-20

Mar-19

% Change

Revenue

                        15,102,987

                        13,374,554

12.92%

Cost of sales

                        (7,864,456)

                        (6,796,733)

15.71%

Gross profit

                           7,238,531

                           6,577,821

10.04%

Distribution costs

                        (3,497,023)

                        (3,142,393)

11.29%

Administrative expenses

                            (888,816)

                            (920,024)

-3.39%

Other operating expenses

                            (193,992)

                            (137,111)

41.49%

Other income

                              371,861

                              118,946

212.63%

Profit from operations

                           3,030,561

                           2,497,239

21.36%

Finance cost

                            (503,661)

                            (309,637)

62.66%

Profit before income tax

                           2,526,900

                           2,187,602

15.51%

Income tax expense

                            (768,893)

                            (398,437)

92.98%

Profit for the period

                           1,758,007

                           1,789,165

-1.74%

Basic and diluted earnings per share (Rupees)

                                     8.11

                                     8.34

-2.76%

Copyright Mettis Link News 

 

Related News

Name Price/Vol %Chg/NChg
KSE100 134,299.77
290.06M
0.39%
517.42
ALLSHR 84,018.16
764.12M
0.48%
402.35
KSE30 40,814.29
132.59M
0.33%
132.52
KMI30 192,589.16
116.24M
0.49%
948.28
KMIALLSHR 56,072.25
387.69M
0.32%
180.74
BKTi 36,971.75
19.46M
-0.05%
-16.94
OGTi 28,240.28
6.19M
0.21%
58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,140.00 119,450.00
115,635.00
4270.00
3.75%
BRENT CRUDE 70.63 70.71
68.55
1.99
2.90%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
1.14%
ROTTERDAM COAL MONTHLY 108.75 108.75
108.75
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.75 68.77
66.50
2.18
3.27%
SUGAR #11 WORLD 16.56 16.60
16.20
0.30
1.85%

Chart of the Day


Latest News
July 11, 2025 at 10:56 PM GMT+05:00

Gold price in Pakistan rises Rs2,300 per tola


July 11, 2025 at 05:49 PM GMT+05:00

PKR gains 10 paisa per USD


July 11, 2025 at 05:41 PM GMT+05:00

PSX Closing Bell: Bulls Serenade The Bourse


July 11, 2025 at 05:06 PM GMT+05:00

UBL doubles profit to Rs65bn in 1HCY25


July 11, 2025 at 04:19 PM GMT+05:00

Ideal Spinning Mills to exit spinning business



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg