Shield Corporation Ltd. profits fall 59.09 percent to Rs. 1.623 billion

Shield Corporation Limited (SCL) today reported financial results for the nine months ending 31 March, 2018. The company reported a 1.79 percent increase in net sales up from PKR 1.223 billion to PKR 1.245 billion during the first three quarters of fiscal year 2018.

Company’s Gross profit reported a significant increase during the period up by 13.45 percent. Furthermore, the company reported a 150 percent in the other operating expenses.  

The company’s profit after taxation fell by 16.65 percent to PKR 32.065 million with earnings per share of Rs. 8.22. The company did not declare any dividend for the period.

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Nine Months Ended, March 31, 2018

Key Financials

31 Mar, 2018

31 Mar, 2017

% Change

 

Amounts in PKR

Net Sales

1,245,673,691

1,223,826,321

1.79%

Cost of Sales

778,844,037

812,341,134

-4.12%

Gross Profit

466,829,654

411,485,187

13.45%

Selling and Distribution Expenses

333,988,867

299,473,600

11.53%

Administrative & General Expenses

51,805,015

42,949,401

20.62%

Other Operating Expenses

13,228,297

5,288,193

150.15%

Other Operating Income

1,478,065

1,468,799

0.63%

Operating Profit before finance costs

69,285,540

65,242,792

6.20%

Finance Costs

12,012,542

7,337,002

63.73%

Profit before Taxation

57,272,998

57,905,790

-1.09%

Taxation

25,207,631

19,342,342

30.32%

Profit for the period

32,065,367

38,563,448

-16.85%

Other Comprehensive Income

 

Total Comprehensive Income for the period

32,065,367

38,563,448

-16.85%

EPS – Basic and diluted

8.22

9.89

-16.89%

Company release on Earnings Report can be accessed here.

Posted on: 2018-04-13T15:01:00+05:00