Corporate Alert: Rafhan Maize Products Co. Ltd. declares a dividend of Rs 75 & reports an EPS of 230.50 for the year ended June 30, 2017

MG News | August 15, 2017 at 12:29 PM GMT+05:00

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Rafhan Maize Products Co. Ltd. announced Financial Results for the half year and quarter ended June 30, 2017.

The company’s Net Sales for the period increased by 2 percent in the outgoing year, whereas the Profit after Taxation for the Period increased 5 percent.

The board recommended an interim Cash Dividend for the half year and quarter ended June 30, 2017 at Rs. 75/- per share i.e.75%. This dividend is in addition to first interim dividend already paid @ Rs100/- per share i.e. 100%.

Comparison of Key Financials:

Financial Results - For the half Year Ended
Key Financials	June 30, 2017	June 30, 2016	% Change
Sales – Net	13,122,477	12,880,815	2%
Cost of Sales	9,524,729	9,484,373	0%
Gross Profit	3,597,748	3,396,442	6%
Operating Expenses	453,874	366,554	24%
Other Income	92,695	87,976	5%
Other Expenses	211,062	210,587	0%
Operating Profit	3,025,507	2,907,277	4%
Finance Cost	8,270	7,794	6%
Profit before Taxation	3,017,237	2,899,483	4%
Taxation	888,229	879,094	1%
Profit after Taxation	2,129,008	2,020,389	5%
EPS - Basic and diluted (Rs)	230.5	218.74	5%

Rupees in Thousands

The complete statements can be accessed here.

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