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
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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