Corporate Result: PNSC reported growth of 46% in Half Year Result

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Pakistan National Shipping Corporation (PNSC) announced the financial results for the 1HFY20 today, wherein the company posted the Profit After Tax Rs 1.007 Bn, increased by 46% on YoY basis.

This translated into the Earning per share of Rs. 7.63, which was Rs. 5.23 during last year of the same period. During the period under review, PNSC’s sales were increased by 34.8% to Rs. 6.37 Bn which translated into the doubled Gross profits of Rs. 2.22 Bn as compared to the last year.

The company profitability has considerably increased owing to the Higher Sales and Operating profit during the operating year.

The Finance cost of the company has considerably increased 4x times and was recorded at Rs. 609.1 Mn, which was Rs. 116.03 Mn during the last year for the same period.

PNSC – HALF YEAR

Quarter ended

EPS 2019 = 3.88 PKR
EPS 2018 = 3.73 PKR

Half Year Ended

EPS 2019 = 7.63 PKR
EPS 2018 = 5.23 PKR

Cash Dividend = NIL
Bonus Share = NIL