Crescent Steel & Allied Products Limited Reports Unaudited Consolidated and Unconsolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2015
For the six months, the company reported consolidated net sales of PKR 2,820,139,000 compared to PKR 1,235,002,000 a year ago. Operating profit before finance costs was PKR 530,213,000 compared to PKR 68,180,000 a year ago. Profit before taxation was PKR 656,630,000 compared to PKR 63,962,000 a year ago. Profit for the period was PKR 492,750,000 compared to PKR 66,900,000 a year ago. Basic and diluted earnings per share were PKR 6.89 compared to PKR 0.96 a year ago.
For the quarter, the company reported unconsolidated net sales of PKR 1,892,361,000 compared to PKR 675,386,000 a year ago. Operating profit before finance costs was PKR 363,460,000 compared to PKR 88,045,000 a year ago. Profit before taxation was PKR 325,374,000 compared to PKR 65,318,000 a year ago. Profit for the period was PKR 238,229,000 compared to PKR 70,770,000 a year ago. Basic and diluted earnings per share were PKR 3.25 compared to PKR 1.01 a year ago.
For the six months, the company reported unconsolidated net sales of PKR 2,835,823,000 compared to PKR 1,173,265,000 a year ago. Operating profit before finance costs was PKR 589,328,000 compared to PKR 173,000,000 a year ago. Profit before taxation was PKR 521,177,000 compared to PKR 139,780,000 a year ago. Profit for the period was PKR 367,070,000 compared to PKR 142,574,000 a year ago. Basic and diluted earnings per share were PKR 5.13 compared to PKR 2.04 a year ago.