Laboratories Limited (HINOON) has posted profit of Rs 21 million in 1QCY12 which showed an appreciation of 16.67 percent when compared to last year where profits stood at Rs 18 million. The earning per share also increased to Rs 1.14 during the period under review compared to Rs 0.98 in 1QCY11.
According to the financial results despatched to KSE here Friday, sales decreased by 13.26 percent to Rs 569 million in 1QCY12 while cost of sales declined by 21.23 percent to Rs 334 million. However, gross margin remained flat and portrayed a meager growth of 0.86 percent to Rs 235 million as compared to Rs 233 million in corresponding period of last year.
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