Corporate Alert: Dolmen City REIT declares a DPS of 1.15/- per share, reports an EPS of 1.70 for the period ended June 30, 2017
By MG News | August 01, 2017 at 03:56 PM GMT+05:00
Dolmen City REIT announced Financial Results for the period ended June 30, 2017.
The company's Income for the period increased by 13 percent in the outgoing quarter, whereas the Profit after Taxation for the Period decline by 79 percent.
The board has recommended a cash dividend of Rs1.15/- per share i.e. 11.5A0%, no bonus shares or right shares for the period.
Comparison of Key Financials
| Financial Results - For the year ended 30 June, 2017 | |||
| Key Financials | June 30, 2017 | June 30, 2016 | % Change |
| Income | 3,009,569.00 | 2,664,459.00 | 13% |
| Rental Income | 2,841,578.00 | 2,526,630.00 | 12% |
| Marketing Income | 167,991.00 | 137,829.00 | 22% |
| Administrative and Operating Expenses | 427,612.00 | 345,283.00 | 24% |
| Net Operating Income | 2,581,957.00 | 2,319,176.00 | 11% |
| Other Income - Profit on Deposits | 123,085.00 | 108,935.00 | 13% |
| Management fee | 77,459.00 | 69,575.00 | 11% |
| Federal Excise Duty on Management Fee | - | 11,132.00 | |
| Sindh Sales Tax on Management Fee | 10,070.00 | 11,299.00 | -11% |
| Trustee Remuneration | 12,910.00 | 11,596.00 | 11% |
| Sindh Sales Tax on Trustee Remuneration | 1,678.00 | 1,623.00 | 3% |
| Reversal of Provision for Workers' Welfare Fund | 3,469.00 | - | |
| Charity Expense | 250.00 | 2,236.00 | -89% |
| Profit before change in Fair Value of Investment Property | 2,606,144.00 | 2,320,650.00 | 12% |
| Change in Fair Value of Investment Property | 1,180,976.00 | 15,421,988.00 | -92% |
| Profit before Taxation | 3,787,120.00 | 17,742,638.00 | -79% |
| Taxation | - | - | |
| Profit after Taxation for the Year | 3,787,120.00 | 17,742,638.00 | -79% |
| Earnings per unit - Distributable Income | 1.17 | 1.04 | 13% |
| Earnings per unit - Un-distributable unrealized Fair Value Gains | 0.53 | 6.94 | -92% |
| Earnings per unit - Basic and diluted | 1.70 | 1.98 | -14% |
The complete statements can be accessed here.
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