Page 61 - InterloopAnnualReport2020

Financial and Operational Performance

The operating results of the Company are summarized as follows:

2020 2019
(Rs. In Millions)
Sales – net 36,302.79 37,478.32
Gross profit 7,863.72 11,954.71
EBITDA 5,121.61 7,960.92
Profit before Tax 2,115.83 5,420.98
Less : Tax Expense 319.43 226.22
Profit after Tax 1,796.40 5,194.77
Unappropriated profit brought forward 5,366.21 7,142.57
Effect of initial application of IFRS 16 (0.67) (0.00)
Profit available for Appropriations 1,799.12 5,001.94
Appropriations
- Bonus Shares 2018 5,688.06
- Interim dividend 2019 1,090.25
- Final dividend 2019 1,526.34
- Interim dividend 2020 872.20

Unappropriated profit carried forward 4,766.12 5,366.21
Earnings per share – Basic (Rs.) 2.06 6.67
Earnings per share – Diluted (Rs.) 2.06 6.67

The COVID-19 pandemic badly affected the entire corporate corresponding period. The Company earned profit after
sector. During these challenging times, the Company tax of Rs 1,796.40 million for the year under review as
managed to operate, often with very thin staff by observing compared to Rs 5,194.77 million during the previous
proper SOPs, and successfully deployed business year. The decrease in sales revenue and net profits of the
continuity and incident management plans to cope with Company was mainly due to COVID-19 pandemic and
this crisis. In a challenging business environment fraught resulting lockdowns in our global markets. The net profit
with potential adverse implications of COVID-19 pandemic translated into Earnings per Share (EPS) of Rs. 2.06 as
on the economy, the year under review was still favourable. against Rs. 6.67 of last year.
The Company, in line with its mission, did not retrench
any employee during the pandemic and also ensured that Vertical Analysis
Environment, Health and Safety standards are maintained at
best. We measure our performance using both; key financial Category 2020 2019
indicators and strategic indicators that provide a meaningful Gross profit 21.66% 31.90%
assessment of our performance against the strategy.
The Operational performance was measured against Operating profit 8.96% 17.12%
prescribed indicators including effectiveness, efficiency, and Profit before tax 5.83% 14.46%
environmental responsibility such as cycle time, productivity, Net profit after tax 4.95% 13.86%
spoil reduction, and regulatory compliance.
EBITDA 14.11% 21.24%
Sales revenue decreased by 3.14% to Rs 36,302.79
million as compared to Rs 37,478.32 million during the

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