Shell incurs losses of Rs1.1 billion on account of excessive surge in non-core expenses

06:02
March 7, 2019
MG

March 7, 2019 (MLN): Shell Pakistan Limited announced its financial earnings report on Wednesday, as per which the company has incurred net losses of Rs. 1.1 billion for the year ended December 31, 2018, as compared to profits of Rs. 3.1 billion earned last year.

Consequently, the company booked a Loss per share of Rs. 10.3 for the aforementioned period, as compared to Earning per share of Rs. 29.74 booked last year.

The reason for company’s disappointing performance was the excessive surge in other expenses by 260%, i.e. Rs. 3.6 billion.

Moreover, increase in Administrative expenses by 21% also gave a blow to the financial position of the company.

Profit and loss account for the year ended December 31 2018 (Rupees'000)
	Dec-18	Dec-17	% Change
Sales	214,211,920	205,791,893	4.09%
other revenue	941,081	985,737	-4.53%
Sales tax	-28,949,466	-37,909,193	-23.63%
Net revenue	186,203,555	188,848,437	-1.40%
Cost of products sold	-170,779,180	-153,972,023	10.92%
Gross profit	16,424,375	14,876,414	10.41%
Distribution and Marketing expenses	-6,482,137	-6,018,105	7.71%
Administrative expenses	-5,028,800	-4,148,186	21.23%
Other expenses	-5,084,078	-1,411,489	260.19%
Other income	607,050	419,569	44.68%
Operating (loss)/ Profit	-663,590	3,720,233
Finance costs	-370,169	-235,049	57.49%
Share of profit of associate – net of tax	974,075	837,776	16.27%
(Loss)/profit before taxation	-59,674	4,322,980
Taxation	-1,042,311	-1,140,258	8.59%
Net (loss)/Profit for the year	-1,101,985	3,192,702	–
(Loss) / Earnings per share- basic and diluted	-10.30	29.74

Copyright Mettis Link News

Posted on: 2019-03-07T11:02:00+05:00

26540

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.40000	278.60000	278.60000	278.40000	03:02 PM
2	EUR	1.07050	1.07056	1.07056	1.07050	11:42 PM
3	GBP	1.24600	1.24620	1.24620	1.24600	11:42 PM
4	CHF	0.91477	0.91492	0.91490	0.91477	11:42 PM
5	JPY	155.46600	155.47100	155.47100	155.46600	11:42 PM
6	CAD	1.36949	1.36955	1.36955	1.36949	11:42 PM
7	AUD	0.64960	0.65000	0.65000	0.64960	11:42 PM
8	INR	83.35760	83.36060	83.36060	83.35760	11:42 PM
9	SAR	3.75070	3.75080	3.75080	3.75070	06:34 AM
10	AED	3.67240	3.67340	3.67340	3.67240	08:40 AM
11	HKD	7.82871	7.82880	7.82880	7.82871	11:42 PM
12	CNH	7.26641	7.26701	7.26701	7.26641	11:42 PM
13	CNY	7.24670	7.24690	7.24690	7.24670	08:37 AM
14	THB	37.15500	37.16500	37.16500	37.15500	11:42 PM
15	MYR	4.78100	4.78600	4.78600	4.78100	10:26 PM
16	IDR	16,212.90000	16,216.50000	16,216.50000	16,212.90000	11:42 PM
17	SGD	1.36050	1.36150	1.36150	1.36050	11:42 PM
18	NZD	0.59360	0.59365	0.59365	0.59360	11:42 PM
19	MXN	17.08650	17.09310	17.09308	17.08649	11:42 PM
20	TRY	32.54250	32.61370	32.61367	32.54247	11:42 PM
21	SEK	10.87270	10.88170	10.88170	10.87270	11:42 PM
22	ZAR	19.21890	19.24890	19.24890	19.21890	11:42 PM
23	NOK	10.98520	10.99350	10.99351	10.98524	11:42 PM
24	DKK	6.96680	6.96780	6.96780	6.96680	11:42 PM
25	ARS	873.22900	873.23900	873.23870	873.22870	11:41 PM
26	BDT	107.91000	111.27300	111.27305	107.90964	09:00 PM
27	BHD	0.37702	0.37705	0.37705	0.37702	06:34 AM
28	BRL	5.14580	5.14880	5.14880	5.14580	11:39 PM
29	KRW	1,375.65000	1,377.65000	1,376.73000	1,376.60000	11:42 PM
30	KWD	0.30796	0.30806	0.30806	0.30796	08:41 AM
31	LKR	294.62300	301.16300	301.16317	294.62325	09:00 PM
32	OMR	0.38498	0.38502	0.38502	0.38498	08:42 AM
33	QAR	3.64600	3.64900	3.64900	3.64600	09:31 PM
34	RUB	92.27000	94.07000	94.07000	92.27000	08:00 PM
35	AFN	71.18230	73.05090	73.05087	71.18232	09:00 PM
36	AZN	1.70000	1.70000	1.70000	1.70000	05:44 AM
37	TMT	3.36000	3.66000	3.66000	3.36000	08:00 PM
38	MVR	15.25000	15.65000	15.65000	15.25000	08:00 PM
39	UZS	12,655.90000	12,721.30000	12,721.32679	12,655.92151	09:00 PM
40	PHP	57.89400	57.91800	57.91800	57.89400	11:42 PM
42	NGN	1,253.53000	1,254.53000	1,254.53000	1,253.53000	08:25 PM
43	KES	133.50000	135.50000	135.50000	133.50000	08:25 PM
44	AMD	361.47400	417.53100	417.53088	361.47392	09:00 PM
45	TWD	32.59000	32.59500	32.59500	32.59000	11:42 PM
46	XAU	2,309.76000	2,310.06000	2,310.06000	2,309.76000	11:42 PM
47	XAG	27.01350	27.02630	27.02630	27.01350	11:42 PM
48	XPT	900.75000	903.15000	903.15000	900.75000	08:42 AM
49	XPD	989.93500	995.26000	995.26010	989.93490	08:42 AM
2,120	VES	36.29670	36.38780	36.38776	36.29673	08:00 PM
2,212	UGX	3,765.16000	3,849.24000	3,849.24417	3,765.15873	09:00 PM
2,213	TZS	2,589.99000	2,590.01000	2,590.01500	2,589.98500	08:25 PM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	72,414.33	72,051.892	71,467.02	692.487	0.970	324,513,222.0	15,826,554,117.260	24/04/2024 04:13 PM
ALLSHR	47,375.82	47,172.817	46,960.12	306.944	0.655	599,296,643.0	24,458,132,413.340	24/04/2024 04:13 PM
KSE30	23,944.85	23,807.818	23,586.59	240.962	1.023	111,127,951.0	11,140,196,445.780	24/04/2024 04:13 PM
KMI30	121,905.06	121,162.457	119,802.31	1,486.525	1.242	142,025,745.0	9,533,161,297.560	24/04/2024 04:13 PM
KMIALLSHR	33,729.93	33,656.520	33,366.03	337.953	1.014	426,610,117.0	19,046,525,407.830	24/04/2024 04:13 PM
BKTi	18,030.81	17,888.609	17,862.22	36.126	0.202	21,512,241.0	2,556,142,444.850	24/04/2024 04:13 PM
OGTi	17,023.12	16,956.573	16,845.36	87.498	0.519	9,136,075.0	1,278,959,401.370	24/04/2024 04:13 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	64,345.0	64,650.0	63,735.0	465.00
BRENT CRUDE	EB	88.0	88.2	87.8	0.01
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-2.40
ROTTERDAM COAL MONTHLY	ET	120.0	0.0	0.0	1.10
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	82.8	82.9	82.6	-0.01
SUGAR #11 WORLD	SB	19.6	19.8	19.5	-0.02

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