March 2, 2023
Revenue increased 4% to $18.42 billion (2021: $17.74 billion). For the quarter, trading income declined 17% to $4.61 billion (2021: $5.55 billion).
Cost of sales declined 4% to $13.78 billion (2021: $14.34 billion). Consequently, gross profit increased 36% to $4.64 billion (2021: $3.41 billion). For the quarter, gross profit increased 54% to $1.62 billion (2021: $1.05 billion).
Other operating income increased 128% to $237.37 million (2021: $103.89 million).
Total operating expenses increased 35% to $3.68 billion (2021: $2.73 billion). Of this, administrative expenses increased 29% to $3 billion (2021: $2.33 billion), while selling and distribution expenses increased 71% to $689.13 million (2021: $402.29 million).
Operating profit increased 51% to $1.19 billion (2021: $787.04 million). For the quarter, operating profit increased 65% to $397.47 million (2021: $241.57 million).
Finance costs increased 100% to $463.58 million (2021: $231.32 million).
Profit before taxation increased 31% to $726.05 million (2021: $555.72 million). For the quarter, profit before taxation increased 121% to $200.81 million (2021: $90.77 million).
After incurring tax charges of $108.42 million (2021: $107.54 million), net profit increased 38% to $617.63 million (2021: $448.18 million).
Net profit attributable to shareholders increased 45% to $579.98 million (2021: $399.94 million).
Earnings per share (EPS) amounted to $0.128 (2021: $0.088). The total number of shares used in the computation amounted to 4,533,360,670 units. Notably, DTL closed the trading period on March 1, 2023 at a price of $2.14 with a corresponding P/E of 16.49 times.
Balance Sheet Highlights:
Total assets increased 33% to $15.37 billion (2021: $11.55 billion). This was largely due to increases in ‘Fixed Assets’ and ‘Inventories’ which closed at $3.75 billion (2021: $2.35 billion) and $4.15 billion (2021: $2.68 million), respectively.
Total shareholders’ equity increased 10% to $6.13 billion (2021: $5.55 billion), which translated to a book value of $1.35 (2021: $1.23).
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