75

MARKET PULSE 

FEB-2018

It is illegal to reproduce this material in any format without prior 

written approval of LankaBangla Securities Limited.

The major portion of the IPO proceeds will be utilized for modernization of the company’s 

existing production plant and automation of its warehouse system. Such capacity 

expansion and adoption of technical advancement should enable the company to perform 

better in near future. 

Income Statements (Amount in BDT mn)   

 Particulars

July’17 to 

Dec’17  

(6 months)

July’16 to 

Dec’16  

(6 months)

Dec’15 to 

June’16  

(7 months)

Year ended on 

30-11-15

Year ended on 

30-11-2014

Year ended on 

(30-11-2013)

Revenue

1839.74

1,670.29 

1,870.09          3,215.97 

        3,720.88 

        3,376.67 

Cost of Sales

(1650.65)

1,505.26 

1,684.98 

         2,920.70 

        3,370.24 

        3,061.37 

Gross Profit

189.10

165.04 

185.11 

            295.27 

           350.65 

           315.31 

FC Gain/(Loss)

4.60

(1.19)

3.14 

              (4.04)

               2.25 

            (28.12)

Less: Operating Expenses

(56.37)

52.76 

59.83 

              87.80 

             82.71 

             74.03 

Administrative Expenses

(47.25)

45.80 

51.89 

              73.19 

             68.27 

             74.03 

Distribution Cost

(9.12)

6.96 

7.94 

              14.61 

             14.44 

 - 

Operating Profit for the Year

137.39

111.09 

128.42 

            203.44 

           270.19 

           213.15 

Add: Other Income

0.07

0.06 

0.07 

                0.08 

               0.07 

               0.15 

Profit Before Financial Expenses and Tax

137.46

111.15 

128.49 

            203.52 

           270.27 

           213.30 

Less: Financial Expenses

(47.39)

36.76 

33.31 

              73.78 

             59.36 

             43.56 

Net profit before tax

89.10

74.38 

95.17 

            129.74 

           210.91 

           169.74 

Less: Income tax expense

(14.62)

11.93 

14.29 

              11.31 

             -   

             -   

Net profit/(Loss) after Tax for the Year

75.38

62.45 

80.88 

            118.43 

           210.91 

           169.74 

Basic Earnings Per Share (EPS)

0.89

0.86

1.15

1.69

3.01

2.42

Source: LBSL Research and Company Prospectus