Corporate Alert: Pakistan Cables declares a DPS of Rs. 2.00/- per share and reports an EPS of 16.81 for the year ended June 30, 2017

MG News | August 11, 2017 at 01:14 PM GMT+05:00

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Pakistan Cables announced Financial Results for the year ended June 30, 2017.

The company’s Net Sales for the period increased by 18 percent in the outgoing year, whereas the Profit after Taxation for the Period also increased 81 percent.

The board has recommended an interim Cash Dividend for the year ended June 30, 2017 at the rate of 20% i.e. Rs 2.00/- per share. This is in addition to the interim dividend already paid at Rs.8.50/- per share i.e. 85%.

Comparison of Key Financials:

Unconsolidated Profit and Loss Account - For the year Ended
Key Financials	June 30, 2017	June 30, 2016	% Change
Net Sales	8,083,511	6,849,559	18%
Cost of Sales	6,815,996	5,766,671	18%
Gross Profit	1,267,515	1,082,888	17%
Operating Expenses	636,138	602,424	6%
Finance Costs	65,620	80,856	-19%
Other Expenses	48,746	31,420	55%
Other Income	97,694	27,148	260%
Share of Profit from associate	9,546	11,849	-19%
Profit before Income Tax	624,251	407,185	53%
Taxation	145,795	142,905	2%
Profit for the Year	478,456	264,280	81%
EPS - Basic and diluted	16.81	9.29	81%

Amounts in PKR ‘000

The complete statements can be accessed here.

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