BR Research

Packages struggles as negative margins creep in!

Published October 19, 2011 Updated October 19, 2011 12:00am

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Packages Limited
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Rs (mn)                    9MCY11    9MCY10       chg
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Net Sales                  14,944    14,344        4%
Cost of sales              14,246    13,494        6%
Gross profit                  698       849      -18%
Administrative expenses       472       380       24%
Operating profit/(loss)       (18)      163     -111%
Finance costs               1,191       897       33%
Investment income             729       891      -18%
(Loss)/Profit after tax      (595)      123     -584%
EPS (Rs)                    (7.06)     1.46          
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Source: KSE notice