Ups revenue by 34% to Rs. 3.4 b; Net profit by 46% to Rs. 423m;
Second quarter more impressive with net profit up 145% to Rs. 296.4 m
LAUGFS Gas Ltd., (LGL) yesterday announced above forecast impressive financial results for the first half of 2010/11 year linking it post-war rebound as well as aggressive marketing. As per unaudited accounts released, LGL’s consolidated turnover amounted to Rs. 3.4 billion up by 34% over the first half of 2009/10 financial year as well as 18% forecast by the company. Gross profit grew by 31% to Rs. 707.4 million as against forecast of 27%. Pre-tax was up by 45% to Rs. 460.7 million and net profit was Rs. 423 million up 46% in comparison to forecast of 13% and 20% growth respectively.
Second quarter more impressive with net profit up 145% to Rs. 296.4 m
LAUGFS Gas Ltd., (LGL) yesterday announced above forecast impressive financial results for the first half of 2010/11 year linking it post-war rebound as well as aggressive marketing. As per unaudited accounts released, LGL’s consolidated turnover amounted to Rs. 3.4 billion up by 34% over the first half of 2009/10 financial year as well as 18% forecast by the company. Gross profit grew by 31% to Rs. 707.4 million as against forecast of 27%. Pre-tax was up by 45% to Rs. 460.7 million and net profit was Rs. 423 million up 46% in comparison to forecast of 13% and 20% growth respectively.
