Gatron Limited Announces Consolidated and Non-Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2017
February 16, 2018
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Gatron (Industries) Limited announced consolidated and non-consolidated earnings results for the second quarter and six months ended December 31, 2017. For the second quarter on non-consolidated basis, the company reported sales of PKR 2,524.254 million compared to PKR 2,343.747 million a year ago. Operating profit was PKR 92.050 million compared to operating loss of PKR 105.597 million a year ago. Profit before income tax was PKR 315.051 million compared to loss before income tax of PKR 109.544 million a year ago. Profit after income tax was PKR 301.573 million compared to loss after income tax of PKR 93.022 million a year ago. Earnings per basic and diluted share was PKR 7.86 compared to loss per basic and diluted share of PKR 2.42 a year ago.
For the six months on non-consolidated basis, the company reported sales of PKR 5,209.077 million compared to PKR 4,848.698 million a year ago. Operating profit was PKR 155.040 million compared to operating loss of PKR 276.399 million a year ago. Profit before income tax was PKR 369.929 million compared to loss before income tax of PKR 85.062 million a year ago. Profit after income tax was PKR 336.006 million compared to loss after income tax of PKR 81.368 million a year ago. Earnings per basic and diluted share was PKR 8.76 compared to loss per basic and diluted share of PKR 2.12 a year ago.
For the quarter on consolidated basis, the company reported sales of PKR 2,464.374 million compared to PKR 2,283.935 million a year ago. Operating profit was PKR 120.692 million compared to PKR 54.738 million a year ago. Profit before income tax was PKR 542.424 million compared to PKR 283.616 million a year ago. Profit after income tax was PKR 465.254 million compared to PKR 271.023 million a year ago. Earnings per basic and diluted share was PKR 12.13 compared to PKR 7.06 a year ago.
For the six months on consolidated basis, the company reported sales of PKR 5,083.954 million compared to PKR 4,738.360 million a year ago. Operating profit was PKR 254.974 million compared to operating loss of PKR 47.208 million a year ago. Profit before income tax was PKR 882.052 million compared to PKR 477.748 million a year ago. Profit after income tax was PKR 753.916 million compared to PKR 414.030 million a year ago. Earnings per basic and diluted share was PKR 19.65 compared to PKR 10.79 a year ago.
Gatron (Industries) Limited is a Pakistan-based company, which is engaged in the manufacturing of polyester filament yarn through its self-produced polyester polymer/chips. The Company also produces polyethylene terephthalate (PET) preforms. The Company's segments include Polyester Filament Yarn and Polyester PET Preforms. The Polyester Filament Yarn segment comprises manufacturing of Polyester Filament Yarn and its raw material. The Polyester PET Preforms segment comprises manufacturing of Polyester PET Preforms and its raw material. Its products include PET resin, PET preform, PET bottle, thermoforming, film grade chips, textile grade chips, and biaxially oriented polyethylene terephthalate (BOPET) film. The Company subsidiaries include Gatro Power (Private) Limited, Global Synthetics Limited and G-Pac Energy (Private) Limited. The principal business of the subsidiary company, G-Pac Energy (Private) Limited is to generate and sell electric power.