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

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.

Posted on: 2017-08-15T13:03:00+05:00