Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

Trending :

Siemens (Pakistan) Limited profits rise by 889.29 percent to Rs. 878.497 million

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

Siemens (Pakistan) Limited (SIEM) today announced financial results for the six months period ending 31 March, 2018 reporting Net Sales and Services at Rs. 10.207 billion; up 85.11 percent from same period last year. Furthermore, the company’s Gross Profit rose to Rs. 2.15 billion from Rs. 598.780 million last year during the outgoing six months.

On the expenses front, SIEM reported 20.01 percent increase in Meeting and Selling Expenses, 87.53 percent increase in General Administration Expenses, whereas, Other Operating Expenses incurred by the company went up by 497.04 percent during the period.

Furthermore, SIEM also reported a 63.04 percent decrease in Financial Income reaching Rs. 34.016 million during the six months.

Siemens (Pakistan) Limited reported profit after taxation at Rs. 878.497 million against Rs. 88.711 million during the same period last year translating into an EPS of Rs. 106.52 vs. an EPS of Rs. 10.76 during the six months ending March, 2017. 

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Six Months Ended, March 30th 2018

Key Financials

March, 2018

March, 2017

% Change

 

Amounts in PKR’ 000

Net Sales and Services

10,207,374

5,514,174

85.11%

Cost of Sales and Services

8,052,268

4,915,394

63.82%

Gross Profit

2,155,106

598,780

259.92%

Marketing and Selling Expenses

462,422

385,327

20.01%

General Administrative Expenses

124,789

66,543

87.53%

Other Income

60,330

6,448

835.64%

Other Operating Expenses

115,611

19,364

497.04%

Net Other Operating Expenses

55,281

12,916

328.00%

Operating Profit

1,512,614

133,994

1028.87%

Financial Income

34,016

92,032

-63.04%

Financial Expenses

14,962

8,374

78.67%

Net Finance Income/(Expense)

19,054

83,665

-77.23%

Profit before Income Tax

1,531,668

217,652

603.72%

Income Tax

653,171

128,941

406.57%

Net Profit for the Period

878,497

88,711

890.29%

EPS – Basic and diluted

106.52

10.76

889.96%

Company release on Earnings Report can be accessed here.

Posted on: 2018-05-03T15:36:00+05:00