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

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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.

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