In the first six months of 2019, operating profit (EBIT before
exceptional items) went up by 41.3 percent year on year to reach 47.2 million.
Profit after tax before
exceptional items was Rs 30 crore and Rs 24 crore after considering
exceptional items.
Operating profit before
exceptional items - the company's preferred profit measure - slipped 2.7% year-on-year to EUR1.09 billion from EUR1.12 billion in the interim period.
Summary: Profits for first half without considering these
exceptional items has risen by Dh131m
* Reported Operating Profit increased nearly fourfold, and includes a [pounds sterling]23.6m net credit from Contract & Balance Sheet Review items (2017: net charge of [pounds sterling]24.2m) offset by a net charge for
exceptional items of [pounds sterling]31.9m (2017: net charge of [pounds sterling]19.6m), neither of which are included in Underlying Trading Profit.
But the company took a PS209million hit for
exceptional items mainly due to its acquisition of US-based ESCO and restructuring costs.
Operating profit before
exceptional items totalled just over [pounds sterling]9.9m, down from about [pounds sterling]10.4m.
The group posted a 26% fall in pre-tax profit to PS114 million in 2017 as it booked
exceptional items totalling PS10.3 million.
Operating expenses increased by 11.25%, as a result of a rise in staff costs by 7.4% and operating expenses by 25.1% (which include 4.5 MD of non-recurring
exceptional items).
The company said it was also on track to deliver a group operating profit before
exceptional items of 1.2 billion pounds for the current full year.
Net profit at the bank increased by 0.2 percent to EUR2.56bn during April to June, including
exceptional items. Excluding
exceptional items, net profit fell 4.8 percent to EUR2.19bn.
Without the
exceptional items, the mining giant posted a healthy 89 per cent growth in consolidated net profit at Rs 955.4 crore in the fourth quarter helped by cost optimisation measures across segments and other income gains.
