Siemens Pakistan sales rise by 43.04% to Rs. 14.55 billion

MG News | November 24, 2017 at 10:22 AM GMT+05:00

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Siemens Pakistan Net Sales for the period increased by 43.04%, amounting to a total of 14.55 billion Rupees for the year ended September, 30th 2017
Company’s Gross Profit for the period increased by 160.31% amounting to a total of 2.43 billion against 935 million last year
Net Profit for the period declined by 47% to reach 1.1 billion compared to same period last year’s profit of 2.1 billion Rupees.
The company’s earnings per share reached to 133.79 Rupees/Share
Siemens Management declared a dividend of Rs. 75.00 at a rate of 750%

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Year Ended, September 30th 2017
Key Financials	2017	2016	% Change
	Amounts in PKR ‘000
Net Sales and Services	14,552,923	10,173,868	43.04%
Cost of Sales and Services	12,118,831	9,238,795	31.17%
Gross Profit	2,434,092	935,073	160.31%
Marketing and Selling Expenses	814,849	713,245	14.25%
General Admin: Expenses	210,144	182,994	14.84%
Net other operating (expenses)/Income	(93,595)	46,391	-301.75%
Operating Profit	1,315,504	85,225	1443.57%
Financial Income	152,872	110,721	38.07%
Financial Expenses	16,408	27,968	-41.33%
Net Finance Income	136,464	82,753	64.91%
Profit before Tax Expenses	1,451,968	167,978	764.38%
Income Tax	348,572	277,219	25.74%
Profit/(Loss) before gain on sale of Assets	1,103,396	(109,241)
Net Profit for the Year	1,103,396	2,103,952	-47.56%
EPS - Basic & diluted	133.79	255.12	-47.56%

Company release on Earnings Report can be accessed here.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	87,840.00	88,355.00 85,365.00	1855.00 2.16%
BRENT CRUDE	58.86	60.40 58.72	-1.70 -2.81%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	2.15 2.42%
ROTTERDAM COAL MONTHLY	95.75	0.00 0.00	-0.15 -0.16%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	55.19	56.70 54.98	-1.63 -2.87%
SUGAR #11 WORLD	14.85	15.07 14.78	-0.10 -0.67%