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.
