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Corporate Alert: Lalpir Power Ltd. declares a dividend of Rs. 1.00/- per share, reports an EPS of 1.65 for the half year ended June 30, 2017

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Lalpir Power Ltd. announced Financial Results for the half year ended June 30, 2017.

The company’s Revenue for the period increased by 34% in the outgoing year, whereas the Profit after Taxation for the Period increased by 10% for the period.

The board has recommended an interim cash dividend at 10% [i.e. Re. 1/- (Rupee One only)] per share for the first half year ended June 30, 2017. The board recommended no bonus shares, right shares.

Comparison of Key Financials:

Financial Results – For year Ended

Key Financials

June 30, 2017

June 30, 2016

% Change

Revenue

10,470,415

7,804,626

34%

Cost of Sales

9,408,347

6,793,413

38%

Gross Profit

1,062,068

1,011,213

5%

Admin Expenses

84,933

89,519

-5%

Other Expenses

8,135

1,039

683%

Other Income

28,963

6,888

320%

Profit from Operations

997,963

927,543

8%

Finance Cost

370,757

355,105

4%

Share of Loss from Associated Co.

(74)

 

Profit before Taxation

627,206

572,364

10%

Taxation

 

Profit after Taxation

627,206

572,364

10%

Other Compre: Income

 

Total Compre: Income for the period

627,206

572,364

10%

EPS – Basic and diluted

1.65

1.51

9%

                                                                                                                                                                          

Rupees in Thousands

The complete statements can be accessed here.

Posted on: 2017-08-15T15:16:00+05:00