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.
