Exide Pakistan announced Financial Results for the quarter ended June 30, 2017.
The company’s Net Sales for the period increased by 12 percent in the outgoing quarter, whereas the Profit after Taxation for the Period declined by 75 percent.
The board has recommended no cash dividend, bonus shares or right shares for the period.
Comparison of Key Financials
Financial Results – For the Quarter Ended
Key Financials
June 30, 2017
June 30, 2016
% Change
Sales
4,446,513
4,359,246
2%
Cost of Sales
3,903,776
3,543,436
10%
Gross Profit
542,737
815,810
-33%
Operating Expenses
397,902
353,185
13%
Operating Profit
144,835
462,625
-69%
Finance Cost
30,612
23,509
30%
Other Charges
9,803
34,869
-72%
Other Income
664
392
69%
Profit before Tax
105,084
404,639
-74%
Taxation – Total
35,727
129,484
-72%
Tax – Current
35,727
129,484
-72%
Tax – Deferred
–
–
Profit after Tax
69,357
275,155
-75%
Un-appropriated Profit brought Forward
893,562
577,310
55%
Transferred to Revenue Reserve for the year ended March 31, 2017/2016
600,000
530,000
13%
Final Cash Dividend for the year ended March 31, 2017(125%)2016(100%)