Corporate Alert: Exide Pakistan reports an EPS of 8.93 for the quarter ended June 30, 2017

MG News | July 31, 2017 at 10:32 AM GMT+05:00

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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%)	97,108	77,686	25%
Un-appropriated Profit carried forward	265,811	424,779	-37%
Earnings per share	8.93	35.42	-75%

Amounts in PKR ‘000

The complete statements can be accessed here.

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