Treet Corp profit falls to Rupees 49.109 million
MG News | February 27, 2018 at 02:40 PM GMT+05:00
Treet Corporation today released financial statements for the half year ending December, 31st 2017. The company reported sales worth Rupees 4.617 billion whereas reporting a total of 49.109 million worth of profits for the period.
The company during the period reported a 30.45% rise in Distribution Costs, however, also reporting a 6.36% increase in Administrative Expenses.
Treet Corporation reported profit after taxation at Rupees 49.109 million declining by more than 64 percent during the period.
The management reported earnings per share of Rupees 0.31 per share against last year’s tally of Rupees 0.89 per share.
| Unconsolidated Profit and Loss Account - For the Half Year Ended, December 30th 2017 | |||
|---|---|---|---|
| Key Financials | 2017 | 2016 | % Change |
| Amounts in PKR '000 | |||
| Net Sales | 4,617,110 | 3,991,991 | 15.66% |
| CoGS | 3,427,362 | 3,028,623 | 13.17% |
| Gross Profit | 1,189,748 | 963,368 | 23.50% |
| Administrative Expenses | 202,553 | 190,434 | 6.36% |
| Distribution Costs | 720,439 | 552,268 | 30.45% |
| Operating Profit | 266,756 | 220,666 | 20.89% |
| Other Operating Income | 165,274 | 154,765 | 6.79% |
| Finance Cost | 210,142 | 62,074 | 238.53% |
| Profit before Taxation | 99,521 | 170,608 | -41.67% |
| Taxation | 50,412 | 34,567 | 45.84% |
| Profit after Taxation | 49,109 | 136,041 | -63.90% |
| EPS | 0.31 | 0.89 | -65.17% |
Company release on Earnings Report can be accessed here.
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