Engro Powergen Qadirpur Limited announced Financial Results for the half year ended June 30, 2017.
The company’s Sales for the period increased by 30 percent in the outgoing year, whereas the Profit after Taxation for the Period increased 24 percent.
The board has recommended interim Cash Dividend for the half year ended June 30, 2017 @ Rs. 1.75 per share i.e. 17.5%, whereas it issued no bonus shares or right shares.
Comparison of Key Financials:
Financial Results – For the half Year Ended
Key Financials
June 30, 2017
June 30, 2016
% Change
Sales
6,151,505
4,714,618
30%
Cost of Sales
4,469,508
3,303,705
35%
Gross Profit
1,681,997
1,410,913
19%
Administrative Expenses
96,465
85,040
13%
Other Expenses
1,875
1,850
1%
Other Income
110,028
100,087
10%
Profit from Operations
1,693,685
1,424,110
19%
Finance Cost
147,471
178,782
-18%
Profit before taxation
1,546,214
1,245,328
24%
Taxation
276
351
-21%
Profit for the period
1,545,938
1,244,977
24%
Un-appropriated profit brought forward
4,979,272
4,001,084
24%
Final dividend for the year ended December 31, 2015 @RS. 1.00 per share
–
323,800
-100%
Final dividend for the year ended December 31, 2016 @RS. 1.50 per share
