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

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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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