Corporate Alert: Security Papers Limited announces Financial Results for the First Quarter ended June 30, 2017, announces A Cash Dividend of Rs. 8/- per share and reports an EPS of 14.61

Security Papers Limited announced its Financial Results for the year Ended June 30, 2017.

The company’s Sales increased by 10 percent in the outgoing year, whereas the Profit for the Period increased by 49 percent in comparison to same quarter previous year.

The Board of Directors in their meeting held on 28th July 2017 have declared Cash Dividend at the rate of Rs 8/- per share i.e. 80% for the year ended 30th June 2017.

 

For the Year ended June 30, 2017

Key Financials

2017

2016

% Change

Sales – net

2,842,085

2,583,566

10%

Cost of Sales

1,753,679

1,706,946

3%

Gross Profit

1,088,406

876,620

24%

Administrative Expenses

197,459

180,286

10%

Other Income

520,700

300,600

73%

Other Charges

103,392

72,272

43%

Finance Costs

4,129

11,244

-63%

Profit Before Taxation

1,304,126

913,418

43%

Taxation – Net

366,473

282,547

30%

Profit after Taxation

937,473

630,871

49%

Earnings per Share (Basic & Diluted)

15.82

10.65

49%

Rupees in 000’

The complete statements can be accessed here.

Posted on: 2017-07-28T16:02:00+05:00