Engro Polymer & Chemicals announced Financial Results for the year ended June 30, 2017.
The company’s Net Revenue for the period increased by 17 percent in the outgoing year, whereas the Profit after Taxation for the Period increased 2666 percent.
The board recommended no Cash Dividend or bonus/right shares.
Comparison of Key Financials:
Financial Results – For the Year Ended
Key Financials
June 30, 2017
June 30, 2016
% Change
Net Revenue
13,045,657
11,161,213
17%
Cost of Sales
10,098,103
9,745,082
4%
Gross Profit
2,947,554
1,416,131
108%
Distribution and Marketing Expenses
640,281
597,070
7%
Administrative Expenses
257,444
242,981
6%
Other Operating Expenses
112,294
52,760
113%
Other Income
47,610
8,549
457%
Operating Profit
1,985,145
531,869
273%
Finance Costs
396,747
465,005
-15%
Profit before Taxation
1,588,398
66,864
2276%
Taxation
544,219
29,107
1770%
Profit for the Period
1,044,179
37,757
2666%
Earnings per share – basic and diluted
1.57
0.06
2517%
Accumulated (loss) brought forward
(1,628,905)
(2,283,693)
Deferred Tax charges relating to revaluation of Equity related charts
