The Searle Pakistan profits rise 21.58% to Rs. 1.806 billion
MG News | February 27, 2018 at 10:42 AM GMT+05:00
The Searle Pakistan announced financial results for the half year ending December 31st, 2017. The company reported Revenue worth Rs. 6.250 billion during the half year against Rs. 5.336 billion same period last year; up 17.12% from last year.
The Searle Pakistan reported bottom-line profits worth Rs. 1.806 billion with an EPS of Rupees 9.78/share.
| Unconsolidated Profit and Loss Account - For the Half Year Ended, December 30th 2017 | |||
|---|---|---|---|
| Key Financials | 2017 | 2016 | % Change |
| Amounts in PKR ‘000 | |||
| Revenue | 6,250,413 | 5,336,756 | 17.12% |
| Cost of Sales | 3,907,904 | 3,261,964 | 19.80% |
| Gross Profit | 2,342,509 | 2,074,792 | 12.90% |
| Distribution Costs | 1,480,705 | 1,233,632 | 20.03% |
| Administrative Expenses | 416,671 | 213,299 | 95.35% |
| Other Operating Expenses | 108,385 | 98,342 | 10.21% |
| Other Income | 1,646,097 | 1,196,971 | 37.52% |
| Profit from Operations | 1,982,845 | 1,726,490 | 14.85% |
| Finance Costs | 78,157 | 826,924 | -90.55% |
| Profit before Taxation | 1,904,688 | 1,643,866 | 15.87% |
| Taxation | 98,234 | 157,999 | -37.83% |
| Profit after Taxation | 1,806,454 | 1,485,867 | 21.58% |
| EPS - Basic and diluted | 9.78 | 8.04 | 21.64% |
Company release on Earnings Report can be accessed here.
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