Corporate Alert: ICI Pakistan declares a DPS of Rs.10/- per share and reports an EPS of 35.69 for the year ended June 30, 2017
MG News | July 31, 2017 at 10:19 AM GMT+05:00
ICI Pakistan announced Financial Results for the year ended June 30, 2017.
The company's Net Turnover for the period increased by 12 percent in the outgoing year, whereas the Profit after Taxation for the Period increased 16 percent.
The board has recommended a Final Cash Dividend at the rate of 100% i.e. Rs 10/- per share of Rs.10/- each. This is in addition to the Interim Cash Dividend (i.e. Rs. 8/- share) already paid.
Comparison of Key Financials:
| Financial Results - For the Year Ended | |||
| Key Financials | June 30, 2017 | June 30, 2016 | % Change |
| Turnover | 47,548,639 | 42,689,368 | 11% |
| Sales tax, commission | 6,184,944 | 5,734,931 | 8% |
| Net turnover | 41,363,695 | 36,954,437 | 12% |
| Cost of Sales | 33,598,220 | 30,475,911 | 10% |
| Gross profit | 7,765,475 | 6,478,526 | 20% |
| Selling and distribution expenses | 2,607,114 | 2,118,142 | 23% |
| Administration and general expenses | 1,114,785 | 881,677 | 26% |
| Operating Profit | 4,043,576 | 3,478,707 | 16% |
| Other Charges | 143,828 | 284,840 | -50% |
| Finance Costs | 398,079 | 383,298 | 4% |
| Other Income | 892,701 | 687,697 | 30% |
| Profit before Taxation | 4,394,370 | 3,498,266 | 26% |
| Taxation | 1,098,279 | 655,080 | 68% |
| Profit after taxation | 3,296,091 | 2,843,186 | 16% |
| Basic and diluted earnings per share | 35.69 | 30.78 | 16% |
Amounts in PKR ‘000
The complete statements can be accessed here.
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