(Alliance News) - Playtech PLC on Thursday said profit plummeted by close to EUR100 million in the first half of the year due to rising distribution costs
, though revenue was boosted by an acquisition.
Kevin Olsen, Dorman Products President and CEO stated: "The first half of 2019 was challenging, primarily due to the temporary headwinds relating to higher distribution costs
as we continued to work towards consolidating our distribution locations in Portland, Tennessee and a product sales mix that pressured margins.
ACPL's profitability declined due to a 133pc jump in distribution costs
which rose to Rs1.099bn from Rs471 million during the same period last year.
No-one likes a price rise but this is a challenging time for newspapers and unfortunately the rise is required to help meet our newsprint, production and distribution costs
New Delhi: Utility vehicle maker Isuzu Motors India Tuesday said it will hike prices of vehicles by up to Rs 1 lakh from January to offset increasing input and distribution costs
Taking into account the shipping and distribution costs
, the Indian rice should be sold at 80,000-82,000 rials (about $1.9-1.95) to the customer.
Kenya Power profits for the year ended June 30 2018 has dropped by 63 per cent on increased transmission and distribution costs
This is due to a 44 percent QoQ rise in sales, an 11 percent QoQ decline in distribution costs
and a 6 percent QoQ fall in finance cost.
KARACHI -- Maple Leaf Cement Factory Limited's (MLCF) consolidated profit dropped 45% to Rs586.69 million in the quarter ended September 30, 2018 due to the fall in other income and rise in finance and distribution costs
On the other hand, distribution costs
, administrative expenses and other operating expenses increased 60 per cent, 29.2 per cent and 26.5 per cent respectively.
Upon making the necessary computations, DTI officials said that apart from directly affected commodities such as cars and sweetened beverages, the effect on other goods should be minimal because the excise taxes would only have a small impact on the distribution costs
of companies, the latter accounting for less than 5 percent of the overall production cost, Lopez said in an earlier interview.
The company is taking this step due to rises in commodity, administrative and distribution costs