Carreras reports 12% decline in Net Profit Attributable to Shareholders for 2018 first quarter.
Carreras Limited For the quarter ended June 30, 2017:- Carreras Limited reported Operating Revenue of $2.82 billion, 16% lower than the $2.62 billion booked in 2016. Cost of Operating Revenue also decline year over year by 19%, amounting to $1.39 billion from $1.71 billion. As such, Gross Operating Profit declined by 13% to total $1.42 billion. Carrerras “We continue to reiterate the point that there is a direct relationship between high taxes and its impact on the legal volumes, Government’s revenues and the rise of the illicit trade. Affordability concerns for consumers are becoming apparent, when prices are too high
AFS reports 29% growth in first quarter net profit
Access Financial Services Limited (AFS) for the three months ended June 30, 2017 reported $343.04 million in total interest income for the first quarter relative to last year’s $302.50 million. Of this Interest Income from Loans amounted to $339.32 million while Interest Income from Securities totaled $3.72 million (2016: $1.88 million). Interest Expense charged for the quarter totaled $28 million (2016: $21.45 million), resulting in AFS booking a Net Interest Income of $315.04 million (2016; $281.05 million) for the quarter ended June 30, 2017. Net Fees and Commission Income for the period under review amounted to $97.60 million compared to
KLE reports $7.12 million in net profit for second quarter 2017
For the first half of the 2017 financial year, the company recorded a total revenue of $103.72 million (2016: $90.69 million), representing a 14% increase in revenue. While for the second quarter revenues increased 18% to total $54.32 million. Cost of sales increased by 16% to $32.81 million compared to the $28.35 million reported in 2016; as a result, Gross profit was up 14% to total $70.91 million relative to $62.33 million in 2016. While gross profit for the quarter grew 14% to total $37.04 million compared to $32.41 million in 2016. Other operating income grew by 537% to $5.86