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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

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%

Amounts in PKR ‘000

The complete statements can be accessed here.

Posted on: 2017-08-01T15:56:00+05:00
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