Tri-Pack Films profits fall by 60 percent to Rs. 73.203 million

MG News | April 25, 2018 at 12:21 PM GMT+05:00

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Tri-Pack Films Limited (TRIPF) today announced financial results for the three months period ending 31 March, 2018 reporting Sales at Rs. 3.117 billion; an increase of 7.93 percent. Furthermore, the company’s Gross Profit fell to Rs. 346.248 million from Rs. 476.823 million last year during the outgoing three months.

On the expenses front, TRIPF reported 9.17 percent increase in Distribution Costs, 10.75 percent decrease in Administrative Expenses, whereas, other expenses incurred by the company went down by 60.12 percent during the period.

Furthermore, TRIPF also reported a 6.50 increase in Other Income reaching Rs. 11.312 million during the three months.

Tri-Pack Films reported profit after taxation at Rs. 73.203 million against Rs. 183.124 million during the same period last year translating into an EPS of Rs. 1.89 vs. an EPS of Rs. 4.72 during the three months ending March, 2017.

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Three Months Ended, March 30^th 2018
Key Financials	March, 2018	March, 2017	% Change
	Amounts in PKR’ 000
Revenue	3,117,639	2,888,643	7.93%
Cost of Sales	2,771,391	2,411,820	14.91%
Gross Profit	346,248	476,823	-27.38%
Distribution Costs	88,372	80,948	9.17%
Administration Expenses	71,853	80,504	-10.75%
Operating Profit	186,023	315,371	-41.01%
Other Income	11,312	10,622	6.50%
Other Expenses	6,740	16,900	-60.12%
Finance Costs	100,940	76,656	31.68%
Profit before Income Tax	89,655	232,437	-61.43%
Income Tax	16,452	49,313	-66.64%
Profit for the Period	73,203	183,124	-60.03%
EPS - Basic and diluted	1.89	4.72	-59.96%

Company release on Earnings Report can be accessed here.

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