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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

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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.

Posted on: 2017-07-25T15:40:00+05:00