The three main concerns were input costs, selling costs
Meanwhile, manufacturing, distribution and selling costs
increased in the first half to GBP24.4 million from GBP21.0 million last year, while administrative costs were broadly flat at GBP3.5 million.
The decrease in quarterly profit is because of a depreciating rupee and higher selling costs
mixed with sluggish sales growth in top market, India, to drive earnings to a two-year low.
This is mainly due to the higher selling costs
associated with affinity resins.
"We are of the view that these are a strong set of results and bottom-line performance would have been even stronger if the company did not report a loss of QR77.13mn from its steel associates along with a substantial increase in selling costs
. We expect to revise our 2018 net income estimate upward given strong first half results.
After deducting the rental deposit required under the lease and selling costs
, net proceeds available to the Company for working capital purposes will be approximately GBP 10.9 million, or $15.3 million.
DUBAI: Saudi Basic Industries Corporation (SABIC) on Sunday reported a 25 percent decline in second-quarter net profit on Sunday, amid higher selling costs
and lower sales.
However, this does not guarantee the full return of the initial deposit money to your child because the value of the property may drop or the amount needed to repay the mortgage and pay the selling costs
may mean that the net proceeds of sale do not amount to 10% of the selling price.
Under these rules, the aggregate deemed-asset disposition price equals the grossed-up purchase price of recently purchased stock minus selling costs
(or fair market value of recently distributed stock), plus liabilities of the target.
Export selling costs
, including taxes and charges, clearing, transport and concentrate treatment/refining charges, totalled $11.5 million for the quarter.