Shell Pakistan Ltd incurs losses of Rs 1.4 billion

News Image

MG News | August 21, 2019 at 03:34 PM GMT+05:00

0:00

August 21, 2019 (MLN): Shell Pakistan Limited has incurred losses of Rs. 1.4 billion (LPS: Rs. 13.53) for the half year ended June 30, 2019, in contrast to profits of Rs. 1.6 billion (EPS: Rs. 14.98) recorded in the same period of last year.

The net revenue during the period surged by 12.5%, whereas COGS grew by 13.61%. This led to nearly 1.5% increase in gross profits.

The company came under severe financial pressure after the non-core expense increased by 71%, from Rs. 1.8 billion to Rs. 3.2 billion. This resulted in an operating loss of Rs. 259.1 million.

Moreover, the finance cost of the company grew 6X during the period, owing to increase in policy rate.

Profit and loss account for the half year ended June 30, 2019 (Rupees'000)

 

June, 2019

June, 2018

% Change

Sales

116,844,907

106,434,056

9.78%

Other revenue

436,810

448,044

-2.51%

Sales tax

-16,136,493

-16,976,565

-4.95%

Net revenue

101,145,224

89,905,535

12.50%

Cost of products sold

-92,728,582

-81,619,815

13.61%

Gross profit

8,416,642

8,285,720

1.58%

Distribution and marketing expenses

-3,448,858

-2,840,859

21.40%

Administrative expenses

-2,360,077

-2,012,113

17.29%

Other expenses

-3,245,246

-1,897,858

71.00%

Other income

378,350

268,974

40.66%

Operating (loss) / profit

-259,189

1,803,864

 

Finance costs

-726,846

-93,249

679.47%

Share of profit of associate - net of tax

460,094

487,224

-5.57%

(Loss) / Profit before taxation

-525,941

2,197,839

 

Taxation

-921,517

-594,463

55.02%

Net (loss) / profit for the period

-1,447,458

1,603,376

 

(Loss) / Earnings per share- basic and diluted (Rupees)

-13.53

14.98

 

 

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 13, 2025 at 10:26 AM GMT+05:00

K-Electric dispels rumours of peak hour changes


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



Top 5 things to watch in this week

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