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Shell Pakistan Limited profits fall by 2.87 percent to Rs. 1.355 billion

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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. 

Comparison of Key Financials

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.

Posted on: 2018-04-24T15:59:00+05:00