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

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 30th 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.

Posted on: 2018-04-25T12:21:00+05:00