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Initial (Unaudited and to be approved by Board) Financial Results for Q1 of 2015

Initial (Unaudited and to be approved by Board) Financial Results for Q1 of 2015
Majan Glass
MGCI
0.00% 0.01 0.00

Majan Glass Company SAOG

       

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

       
       

Particulars

Q1 of 2015 (#)

Q1 of 2014 (Unaudited and published)

change %

 

 

 

 

Total Sales

     2,682,684

       2,046,053

31.12%

 

 

 

 

Cost of Sales - excluding depreciation

     1,838,296

       1,492,979

23.13%

 

 

 

 

Gross Profit before depreciation

        844,388

          553,074

52.67%

 

 

 

 

Cost of Sales - depreciation (Plant)

        267,053

          217,892

22.56%

Cost of Sales - accelerated depreciation

                 -  

          239,797

0.00%

 

 

 

 

Gross Profit after depreciation

        577,335

           95,385

505.27%

 

 

 

 

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%

 

 

 

 

Cash Profit (Before Depreciation)

        553,937

          311,024

78.10%

 

 

 

 

Net Profit / (Loss) RO  (Prior to provision for  Taxation)

        274,626

         (153,558)

278.84%

 

 

 

 

Provision for Taxation

          33,506

          (26,801)

225.02%

 

 

 

 

Net profit after tax

        241,120

         (126,757)

290.22%

       

(#) (Initial unaudited and yet to be approved and reviewed by Board)

 
       

Note :

     

1 - The above reported results are Initial unaudited and which are subject to :

 

a) Review by Audit Committee

     

b) Review and approved by Board

     

2 - Other income for 2015 includes Liability not required written back, Insurance claim

       

Anwar Ali Sultan

     

Chairman

     
       

14th April 2015