Treet Corp profit falls to Rupees 49.109 million

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MG News | February 27, 2018 at 02:40 PM GMT+05:00

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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.

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

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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