The Searle Pakistan profits rise 21.58% to Rs. 1.806 billion

MG News | February 27, 2018 at 10:42 AM GMT+05:00

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The Searle Pakistan announced financial results for the half year ending December 31^st, 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.

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Half Year Ended, December 30^th 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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