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

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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.

Comparison of Key Financials

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.

Posted on: 2018-02-27T10:42:00+05:00