Century Paper and Board Mills Limited (PSX: CEPB ) announced its result yesterday which showed impressive topline growth amounting to an increase in revenue by 11 percent year-on-year. The reason can be attributed to increased demand for packaging given the rise in FMCG revenues and rising middle class income. This led to the company improving its gross profit by 36 percent as compared to the same period last year.
CEPB witnessed a fall in distribution expenses by 20 percent year-on-year, whereas other income almost tripled as compared to 1HFY17. The companys finance cost increased by 9 percent year-on-year during the period under review. The bottomline saw an increase of a whopping 185 percent as compared to 1HFY16.
This resulted in the companys EPS also increasing almost by three times from Rs0.34 in the previous period to Rs1.4 in the current half. CEPBs margins also saw a positive impact with both gross and net margins recording decent growth.
Comments
Comments are closed for this article.