Corporate Alert: Pak Elektron Ltd. declares a DPS of Rs. 1.50/- per share and reports an EPS of 2.00 for the period ended June 30, 2017

Pak Elektron Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Revenue for the period increased by 10 percent in the outgoing year, whereas the Profit after Taxation for the Period Increased by 1 percent.

The board has recommended an interim Cash Dividend for the quarter ended June 30, 2017 at the rate of 15% i.e. Rs 10/- per share of Rs.1.50/- each. The board issued no bonus or right shares.

Comparison of Key Financials:

Financial Results – For the Period Ended**

Key Financials

June 30, 2017

June 30, 2016

% Change

Revenue

14,736,351

13,449,584

10%

Sales tax and Discounts

2,359,290

2,064,377

14%

Revenue – Net

12,377,061

11,385,207

9%

Cost of Sales

10,155,378

9,023,915

13%

Gross Profit

2,221,683

2,361,292

-6%

Distribution Cost

287,148

286,907

0%

Administrative Expenses

289,623

262,999

10%

Other Operating Expenses

96,483

94,496

2%

Other Operating Income

14,852

20,493

-28%

Operating Profit

1,563,281

1,737,383

-10%

Finance Cost

436,953

500,949

-13%

Profit before Taxation

1,126,328

1,236,434

-9%

Provision for Taxation

110,719

231,867

-52%

Profit After Taxation

1,015,609

1,004,567

1%

Other Comprehensive Income

 

Total Comprehensive Income

1,015,609

1,004,567

1%

Earnings per share – basic and diluted

2.00

2.10

-5%

**Unconsolidated Financial Earnings

Amounts in PKR ‘000

The complete statements can be accessed here.

Posted on: 2017-08-10T13:40:00+05:00