Corporate Alert: Pakgen 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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MG News | August 15, 2017 at 03:23 PM GMT+05:00

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

The company’s Revenue for the period increased by 43% in the outgoing year, whereas the Profit after Taxation for the Period increased by 554% 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

10,510,277

7,367,627

43%

Cost of Sales

9,433,761

6,874,634

37%

Gross Profit

1,076,516

492,993

118%

Admin Expenses

97,268

93,849

4%

Other Expenses

11,649

1,039

1021%

Other Income

5,255

1,306

302%

Profit from Operations

972,854

399,411

144%

Finance Cost

327,469

300,715

9%

Share of Loss from Associated Co.

-

(74)

 

Profit before Taxation

645,385

98,622

554%

Taxation

-

-

 

Profit after Taxation

645,385

98,622

554%

Other Compre: Income

-

-

 

Total Compre: Income for the period

645,385

98,622

554%

EPS - Basic and diluted

1.73

0.27

541%

                                                                                                                                                                          

Rupees in Thousands

The complete statements can be accessed here.

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