January 7, 2019 (MLN): Sui Southern Gas Company Limited has reported bottom-line earnings of Rs. 1.3 billion for the year ended 30th June 2017, taking a massive leap from losses made in the previous year ending 30th June, 2016.
The recuperation of gains was a result of immense increase in company’s other operating income, combined with a decrease in other non-operating expense.
Reduction in Finance cost also played a role in pulling the Company out of deep pit of losses.
The Company ultimately reported Earnings per share at Rs. 1.52 for the year ended 30th June 2017.
Profit and loss account for the year ended June 30th 2018 (Rupees’000) | |||
|---|---|---|---|
| Jun-17 | Jun-16 | % Change |
Sales-net | 156,673,275 | 138,616,102 | 13.03% |
Cost of goods sold | -157,512,161 | -163,440,128 | -3.63% |
Gross Profit | -838,886 | -24,824,026 | -96.62% |
Administration and selling expenses | -4,311,328 | -3,840,688 | 12.25% |
Other operating expenses | -3,293,096 | -2,355,905 | 39.78% |
Operating profit | 15,023,058 | 18,127,953 | -17.13% |
Other operating income | 6,555,113 | 2,694,871 | 143.24% |
Other non-operating expenses | -6,896,466 | -23,104,574 | -70.15% |
Finance cost | -1,692,477 | -2,618,390 | -35.36% |
Profit before taxation | 3,315,792 | -7,839,564 |
|
Taxation | -1,979,962 | 1,724,611 |
|
Profit after taxation | 1,335,830 | -6,114,953 |
|
Earnings per share (Rupees) | 1.52 | -6.94 |
|
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