In a Board of Directors meeting held on July 30th 2018, Siemens Pakistan Engineering Company Limited, discussed their financial earnings for the Nine Months Period ending on June 30th 2018.
As compared to the nine months ending on June 30th 2017, Siemens’ Net Sales and Services increased by 58% while their Gross Profit went up by 105.5%.
Company’s General and Administrative Expenses increased by 63.7% but to provide counterbalance, Other Income jumped by 1574%.
However, Financial Income dropped by 71.5% while Financial Expenses increased by 197%.
Income tax payments increased by 158.8%
Overall Net Profit for the period increased by 197%
Profit and Loss for the Nine Months' Period Ended June 30,2018
2018
2017
% Change
Net sales and services
15,097,023
9,557,561
58.0%
Cost of sales and services
(12,287,097)
(8,190,356)
50.0%
Gross Profit
2,809,926
1,367,205
105.5%
Marketing and selling expenses
(641,414)
(626,406)
2.4%
General administrative expenses
(161,064)
(98,416)
63.7%
(802,478)
(724,822)
2,007,448
642,383
Other income
107,108
6,397
1574.3%
Other operating expenses
(148,255)
(53,427)
177.5%
Net other operating (expenses)/ income
(41,147)
(47,030)
-12.5%
Operating profit/(loss)
1,966,301
595,353
230.3%
Financial income
35,531
124,656
-71.5%
Financial expenses
(36,636)
(12,305)
197.7%
Net financial income
(1,105)
112,351
-101.0%
Profit/(loss) before income tax expense and gain on sale of assets classified as held for sale
1,965,196
707,704
177.7%
Income tax
(920,249)
(355,609)
158.8%
Net profit for the period
1,044,947
352,095
196.8%
Basic and diluted earnings/(loss) per share (Rupees)
