Service Industries Ltd. Reports Unaudited Company and Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018
October 29, 2018 at 01:27 am EDT
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Service Industries Ltd. reported unaudited company and consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported sales – net of PKR 5,507.727 million against PKR 5,363.103 million a year ago. Operating profit was PKR 284.503 million against PKR 223.777 million a year ago. Profit before taxation was PKR 120.598 million against PKR 127.588 million a year ago. Profit after taxation was PKR 100.399 million against PKR 197.377 million a year ago. Basic and diluted earnings per share were PKR 8.35 against PKR 16.41 a year ago.
For the nine months, the company reported sales – net of PKR 17,280.552 million against PKR 15,577.289 million a year ago. Operating profit was PKR 982.439 million against PKR 902.952 million a year ago. Profit before taxation was PKR 573.188 million against PKR 669.489 million a year ago. Profit after taxation was PKR 506.805 million against PKR 621.826 million a year ago. Basic and diluted earnings per share were PKR 42.13 against PKR 51.69 a year ago. Net cash used in operations was PKR 776.210 million against PKR 1,431.079 million a year ago. Capital expenditure was PKR 1,377.939 million against PKR 1,389.953 million a year ago.
For the quarter, on consolidated basis, the company reported sales – net of PKR 5,565.529 million against PKR 5,363.103 million a year ago. Operating profit was PKR 290.218 million against PKR 223.766 million a year ago. Profit before taxation was PKR 124.421 million against PKR 127.577 million a year ago. Profit after taxation attributable to owners of the holding company was PKR 109.728 million against PKR 197.366 million a year ago. Basic and diluted earnings per share were PKR 8.87 against PKR 16.41 a year ago.
For the nine months, on consolidated basis, the company reported sales – net of PKR 17,433.466 million against PKR 15,577.289 million a year ago. Operating profit was PKR 983.772 million against PKR 902.722 million a year ago. Profit before taxation was PKR 556.021 million against PKR 669.259 million a year ago. Profit after taxation attributable to owners of the holding company was PKR 509.850 million against PKR 621.596 million a year ago. Basic and diluted earnings per share were PKR 40.58 against PKR 51.68 a year ago. Net cash used in operations was PKR 784.858 million against PKR 1,490.880 million a year ago. Capital expenditure was PKR 1,387.184 million against PKR 1,389.953 million a year ago.
Service Industries Limited is a Pakistan-based company, which is engaged in purchasing, manufacturing and sale of footwear, tires and tubes, spare parts of automobiles and technical rubber products. The Company operates through three segments: Footwear, Tyre and Others. Its Footwear segment is engaged in purchasing, manufacturing and the sale of different qualities of footwear. Its Tyre segment is engaged in manufacturing of different qualities of tires and tubes. Its Others segment is engaged in manufacturing of different qualities of rubber products on specifications and trading and manufacturing of spare parts of automobiles. Its manufacturing facilities are spread over three locations, two in Punjab and one in Sindh. The Company offers a range of shoes, including L&F, Mavrik, Ekisha, YO!, ACE, Cheetah, Servis Comfeet, Klara and Ekisha Comfy. It exports tires, tubes and footwear products to Europe, South America, Central America, North America, Africa, Asia and Australia.
SERVICE INDUSTRIES LIMITED 
