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

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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.

Posted on: 2017-11-24T10:22:00+05:00