Siemens profits for the nine months ending on June 30th 2018 increase by 197%:Earnings report

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
 20182017% Change
Net sales and services                     15,097,023                       9,557,56158.0%
Cost of sales and services                  (12,287,097)                     (8,190,356)50.0%
Gross Profit                       2,809,926                       1,367,205105.5%
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                               6,3971574.3%
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                           595,353230.3%
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                           707,704177.7%
Income tax                        (920,249)                        (355,609)158.8%
Net profit for the period                       1,044,947                           352,095196.8%
Basic and diluted  earnings/(loss) per share (Rupees)                             126.71                               42.69196.8%
Posted on: 2018-07-31T09:48:00+05:00

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