Shield Corporation Ltd. profits fall 59.09 percent to Rs. 1.623 billion
By MG News | April 13, 2018 at 03:01 PM GMT+05:00
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.
| 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.
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