MGCI
Majan Glass Company SAOG |
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In compliance with circular (E/5/2014) issued by CMA, the Company is please to report the Initial unaudited Financial Results (not yet reviewed and approved by Board) for the quarter ended 31st March 2015 |
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Particulars |
Q1 of 2015 (#) |
Q1 of 2014 (Unaudited and published) |
change % |
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Total Sales |
2,682,684 |
2,046,053 |
31.12% |
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Cost of Sales - excluding depreciation |
1,838,296 |
1,492,979 |
23.13% |
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Gross Profit before depreciation |
844,388 |
553,074 |
52.67% |
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|
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Cost of Sales - depreciation (Plant) |
267,053 |
217,892 |
22.56% |
Cost of Sales - accelerated depreciation |
- |
239,797 |
0.00% |
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Gross Profit after depreciation |
577,335 |
95,385 |
505.27% |
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Other Income |
83,031 |
9,998 |
730.48% |
Depreciation (Others) |
12,258 |
6,893 |
77.83% |
Selling, Admin & other expenses |
354,529 |
231,986 |
52.82% |
Finance Cost |
18,953 |
20,062 |
-5.53% |
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Cash Profit (Before Depreciation) |
553,937 |
311,024 |
78.10% |
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Net Profit / (Loss) RO (Prior to provision for Taxation) |
274,626 |
(153,558) |
278.84% |
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Provision for Taxation |
33,506 |
(26,801) |
225.02% |
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Net profit after tax |
241,120 |
(126,757) |
290.22% |
(#) (Initial unaudited and yet to be approved and reviewed by Board) |
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Note : |
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1 - The above reported results are Initial unaudited and which are subject to : |
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a) Review by Audit Committee |
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b) Review and approved by Board |
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2 - Other income for 2015 includes Liability not required written back, Insurance claim |
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Anwar Ali Sultan |
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Chairman |
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14th April 2015 |