Ferozsons Laboratories Limited: FEROZ 1HFY18 Director’s Report Key Highlights – By Shajar Research
<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">FEROZ announced its quarterly results for 2QFY18 on 19Th February 2018. The company announced a Profit after tax of PkR19mn (EPS: PkR0.64) for 2QFY18, substantial decrease of 68%QoQ from PkR61mn (EPS: PkR2) in 1QFY18. On a yearly basis, Profit after Tax massively declined by 88%YoY against earnings of PkR159mn (EPS: PkR5.3) in 2QFY17.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Earnings were impacted by some one-offs for 1HFY18 with net profit clocking in at PkR80mn (EPS: PkR2.65) in 1HFY18 vs. PkR359mn (EPS: PkR11.89) in 1HFY17, down by 78%YoY. Net sales have declined by 4%YoY in 1HFY18 with the company posting net sales amounting to PkR2,224mn in 1HFY18 vs. PkR2,309mn in 1HFY17. The company&rsquo;s sales attri...
