Daily Market Summary- June 01, 2017
DailyRecommendation 01.06.17
MDS Reports 5% Increase In Year End Net Profit
Revenue amounted to $1.71 billion, an increase of 29% compared to the $1.33 billion booked in 2016. Cost of Sales increased $326.27 million to total $1.30 billion relative to $977.02 million in 2016, a 33% increase. As a result, Gross Profit grew by 17% or $60.50 million to total $410.73 million in 2017 compared to $350.23 million in 2016. Revenue for the fourth quarter amounted to $455.65 million up 11% (2016: $408.93 million). Total Operating Cost rose 21% to close at $279.42 million (2016: $230.49 million). Of this total, Selling and Promotional costs rose by 28% to $102.58 million
LASF Reports 8% Decline in Year End Net Profit
LASF recorded a total of $1.02 billion in Trading Income; this represented a growth of 27% relative to the $805.75 million recorded in 2016. Other Income amounted to $46.96 million, a decline of 27% compared to $64.26 million in 2016, this resulted in overall income of $1.07 billion, a growth of 23% compared to $870 million in 2016. For the fourth quarter Overall Income was $240.18 million up 14% (2016: $210.65 million). Operating Expenses was a total of $834.28 million, 29% more than the $648.72 million the year prior. Selling and Promotional Expenses increased 27% to close at $432.87 million