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

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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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