Cost of sales
surged 13.61% to Rs92.72 billion compared to Rs81.61 billion last year, according to the company's profit and loss accounts.
The higher cost of sales
, it said, was due to a gush in international prices and higher exchange rates.
Adding to this was GBP1.9 million cost of sales
, compared to no cost of sales
For the first nine months of 2018, operating EBITDA margin of CHP was at 14 percent, with the margin decline on a full year basis mainly due to the increase in cost of sales
during the last quarter.
As a percentage of sales, cost of sales
increased by 6 percentage points year-on-year during the first quarter.
MFlex anticipates annual cost savings of approximately $50 million, of which 90% is expected to reduce cost of sales
, and 10% is expected to lower operating expenses.
Engro Corporation's overall revenues grew by 36 Percent to Rs 31.3bn, whereas cost of sales
was increased by 23 Percent.
In particular, strong growth in North America and China drove our sales gains and, when coupled with cost of sales
improvements and effective expense management, we generated a significant operating margin increase.
I like to explain gross profit as the difference between your sales and your cost of sales
. The key, from a management perspective, is determining just what expenses make up the cost of sales
In the second stage, hypothesis testing is done; it employs a controlled experiment (Ryan, 2011) by testing the significance of the relative change of working capital to that of the sales and cost of sales
over a span of two decades.