Corporate Alert: Crescent Steel & Allied Ltd. declares a dividend of Rs 2.25/- & reports an EPS of 13.04 for the year ended June 30, 2017
MG News | August 15, 2017 at 01:03 PM GMT+05:00
Crescent Steel & Allied Ltd. announced Financial Results for the year ended June 30, 2017.
The company’s Net Sales for the period declined by 38% percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 5 percent.
The board has recommended a final cash dividend of Rs. 2.25/- (i.e. @ 22.5%) per share for the year ended 30 June, 2017. This is in addition to first and second interim cash dividend of Rs. 1.5/- share each (i.e. 15% each); which makes a total distribution of Rs. 5.25 per share (i.e. 52.5%) for the year ended June 30, 2017. The board issued no bonus shares or right shares.
Comparison of Key Financials:
| Financial Results - For Period Ended | |||
| Key Financials | June 30, 2017 | June 30, 2016 | % Change |
| Sales - net | 10,208,644 | 7,412,035 | 38% |
| Cost of Sales | 8,349,794 | 5,269,059 | 58% |
| Gross Profit | 1,858,850 | 2,142,976 | -13% |
| Income from Investments | 246,889 | 42,555 | 480% |
| Dist: and Selling Expenses | 31,024 | 15,497 | 100% |
| Administrative Expenses | 286,750 | 283,103 | 1% |
| Other Operating Expenses | 410,821 | 421,253 | -2% |
| Other Income | 201,832 | 93,675 | 115% |
| Operating profit before Finance Costs | 1,578,976 | 1,559,353 | 1% |
| Finance Costs | 187,273 | 243,780 | -23% |
| Profit before Taxation | 1,391,703 | 1,315,573 | 6% |
| Taxation | 379,268 | 348,437 | 9% |
| Profit after Taxation | 1,012,435 | 967,136 | 5% |
| Basic and diluted - EPS | 13.04 | 12.97 | 1% |
Rupees in Thousands
The complete statements can be accessed here.
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