Shifa International Hospitals today announced financial result for the half year ending December 31st, 2018. The company release revealed a rise in net revenue during the period by more than 11% to clock in at 5.144 billion.
On the other hand, the company’s operating costs grew in tandem of sales by 13.36%, at 4.702 billion. In lieu with the increase in costs the bottom line profits took a dip downward by more than 16%; standing at 317.954 million against 379.158 million during the same period last year.
The company reported an EPS of Rs. 5.83 vs. an EPS of Rs. 6.95 during half year ending December, 2016.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Half Year Ended, December 2017
Key Financials
2017
2016
% Change
Amounts in PKR ‘000
Net Revenue
5,144,543
4,622,758
11.29%
Other Income
35,617
74,585
-52.25%
Operating Costs
4,702,602
4,148,403
13.36%
Finance Costs
29,650
36,090
-17.84%
Profit before Taxation
447,908
512,850
-12.66%
Taxation
129,954
133,692
-2.80%
Profit after Taxation
317,954
379,158
-16.14%
EPS – Basic and diluted
5.83
6.95
-16.12%
Company release on Earnings Report can be accessed here.
