Shell Pakistan Limited (SHEL) today announced financial results for the three months period ending 31 March, 2018 reporting Sales at Rs. 49.288 billion; a decrease of 14.92 percent. Furthermore, the company’s Gross Profit fell to Rs. 4.457 billion during the outgoing three months.
On the expenses front, SHEL reported 1.54 percent increase in Marketing & Distribution Expenses, 98.49 percent increase in Administrative Expenses, whereas, other operating expenses at the company jumped 281.7 percent during the period.
Furthermore, SHEL also reported a 796.162 worth of Other Income, coupled with a finance costs of Rs. 46.706 million as well.
Shell Pakistan Limited reported profit after taxation at Rs. 1.355 billion against Rs. 1.396 billion during the same period last year translating into an EPS of Rs. 12.67 vs. an EPS of Rs. 13.05 during the three months ending March, 2017.
Unconsolidated Profit and Loss Account – For the Three Months Ended, March 30th 2018 |
|||
---|---|---|---|
Key Financials |
March, 2018 |
March, 2017 |
% Change |
Amounts in PKR’ 000 |
|||
Sales |
49,288,567 |
57,933,110 |
-14.92% |
Other Revenue |
204,164 |
249,232 |
-18.08% |
Sales Tax |
7,875,769 |
9,257,983 |
-14.93% |
Net Revenue |
41,616,962 |
48,924,359 |
-14.94% |
Cost of Products Sold |
37,159,706 |
44,796,059 |
-17.05% |
Gross Profit |
4,457,256 |
4,128,300 |
7.97% |
Distribution and Marketing Expenses |
1,317,449 |
1,297,485 |
1.54% |
Administrative Expenses |
781,697 |
393,812 |
98.49% |
Other Operating Expenses |
796,162 |
208,581 |
281.70% |
Other Income |
104,240 |
90,182 |
15.59% |
Operating Profit |
1,666,188 |
1,772,604 |
-6.00% |
Finance Costs |
46,706 |
50,650 |
-7.79% |
Profit before Taxation |
1,893,414 |
1,896,229 |
-0.15% |
Taxation |
537,450 |
500,146 |
7.46% |
Profit after Taxation |
1,355,964 |
1,396,083 |
-2.87% |
Total Comprehensive Income for the Period |
1,355,964 |
1,396,083 |
-2.87% |
EPS – Basic and diluted |
12.67 |
13.05 |
-2.91% |
Company release on Earnings Report can be accessed here.