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.
