Ittehad Chemicals Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Sales for the period increased by 10 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 40 by percent.
The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 13% i.e. Rs. 1.30/- per share. The board issued no bonus or right shares.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Year Ended
Key Financials
2017
2016
% Change
Amounts in PKR ‘000
Sales
4,990,137
4,557,440
9.49%
Cost of Sales
4,170,427
3,766,514
10.72%
Gross Profit
819,710
790,926
3.64%
Selling & Dist: Expenses
260,530
256,003
1.77%
General and Admin: Expenses
157,338
172,910
-9.01%
Other Operating Expenses
67,409
11,915
465.75%
Other Income
49,670
21,846
127.36%
Operating Profit
384,103
371,944
3.27%
Financial Charges
177,152
165,249
7.20%
Profit before Taxation
220,151
224,095
-1.76%
Taxation
131,196
56,722
131.30%
PAT
233,347
167,373
39.42%
EPS – Basic & Diluted
3.37
2.64
27.65%
Company release on Earnings Report can be accessed here.
