Corporate Alert: Ptsak Suzuki Motor Company announced Financial Results for the Half Year Ended June 30, 2017, reports an EPS of 24.20/- per share

MG News | July 25, 2017 at 03:40 PM GMT+05:00

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Pak Suzuki Motor Company announced its Financial Results for the Half Year Ended June 30, 2017.

The company's Turnover increased by 20 percent in the outgoing year, whereas the Profit for the Period increased by 39 percent in comparison to same quarter previous year.

The board approved no cash dividend, bonus shares or right shares.

	January – June
Key Financials	June, 2017	June, 2017	% Change
Turnover	46,828,895	38,988,857	20%
Cost of Sales	42,003,672	35,006,197	20%
Gross Profit	4,825,223	3,982,660	21%
Distribution Cost	1,381,903	1,006,799	37%
Administrative Expenses	736,482	819,557	-10%
Finance Cost	41,236	84,428	-51%
Other Operating Income	445,184	589,937	-25%
Workers' Profit Participation Fund	155,539	133,293	17%
Workers' Welfare Fund	59,105	50,652	17%
Profit before Taxation	2,896,142	2,481,868	17%
Taxation - Total	904,093	1,046,379	-14%
Current	1,013,843	1,020,879	-1%
Deferred	109,750	25,500	330%
Net Profit for the Period	1,992,049	1,435,489	39%
Earnings per Share - basic	24.20	17.44	39%

Rupees in 000’

The complete statement can be accessed here.

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