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

By MG News | August 15, 2017 at 01:03 PM GMT+05:00

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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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