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

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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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