Global Tele-systems has reported an 18% growth in sales. Operating margins excluding other income has grown to 30%. While interest has remained the same, the depreciation has gone up substantially because the company has in the current accounting year provided for additional depreciation of Rs Rs.55 m. The net profit has however improved by over 53%.
(Rs m) | 3QFY2000 | 3QFY1999 | Change |
Net Sales | 1,602.2 | 1,358.7 | 17.9% |
Other Income | 19.1 | 4.9 | 292.6% |
Expenditure | 1,089.3 | 1,011.9 | 7.7% |
Interest | 94.4 | 91.1 | 3.6% |
Depreciation | 145.4 | 41.8 | 247.4% |
Profit before Tax | 284.9 | 218.7 | 30.3% |
Tax | 15.0 | 42.5 | -64.7% |
Profit after Tax | 269.9 | 176.2 | 53.2% |
Net profit margin | 16.8% | 13.0% |
For the quarter ended March 2019, GTL LTD has posted a net profit of Rs 965 m (up 95.5% YoY). Sales on the other hand came in at Rs 348 m (down 57.6% YoY). Read on for a complete analysis of GTL LTD's quarterly results.
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