Corporate Result: NCL half year earnings declined by 52%

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Nishat Chunian Limited (NCL) has announced the financial results for six months ended December 31, 2019, whereby it has reported Profit After Tax of Rs. 2.23 Bn (EPS: Rs. 5.04), showing a decline of 35% as compared to the profits of the same period last year.

During the period under review, the sales of the company were recorded at Rs. 28.26 Bn as compared to the last year. The cost of sales slightly declined to Rs. 22.3 Bn which translated into the higher Gross Profit of Rs. 5.89 Bn.

Furthermore, the Finance cost of the company was doubled and recorded at Rs. 2.56 Bn.

NCL – HALF YEAR

Quarter ended

EPS 2019 = 3.02 PKR
EPS 2018 = 4.91 PKR

Half Year Ended

EPS 2019 = 5.04 PKR
EPS 2018 = 10.60 PKR

Cash Dividend = NIL
Bonus Share = NIL