The Searle Company Ltd. profit for QFY18 rises 4.4% to Rs. 772 million

MG News | October 26, 2017 at 10:41 AM GMT+05:00

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The Searle Company’s Revenue for the period increased by 17.6%, amounting to a total of 3.24 billion Rupees during the nine months ended September, 30^th 2017
Company’s total cost of sales witnessed a significant jump during the quarter, with an increase of 26.7%; In addition to that Company’s Administrative Expenses also witnessed more than 45% increase resulting in a total Administration cost of 689 million during the period
The Profit after tax for the period increased by 4.43% reaching 772 million against last year’s profit of 740 million Rupees.
The company’s earnings per share reached 5.62 rupees vs 4.81 in the last quarter

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Nine Months Ended, September 30^th 2017
Key Financials	2017	2016	% Change
	Amounts in PKR ‘000
Revenue	3,245,720	2,758,993	17.64%
Cost of Sales	2,206,326	1,741,163	26.72%
Gross Profit	1,039,394	1,017,830	2.12%
Selling and distribution expenses	689,755	582,754	18.36%
Administrative expenses	165,756	113,588	45.93%
Other operating expenses	48,874	53,476	-8.61%
Other income	723,603	589,094	22.83%
Operating Profit	858,612	857,106	0.18%
Finance Cost	36,089	28,471	26.76%
Profit before Taxation	822,523	828,635	-0.74%
Taxation	49,693	88,575	-43.90%
Profit after Taxation	772,830	740,060	4.43%
Total Comprehensive Income	772,830	740,060	4.43%
EPS - Basic and diluted	5.62	4.81	16.84%

Company release on Earnings Report can be accessed here.

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