Corporate Alert: Shell Pakistan declares a Dividend of Rs. 7.00/- per share and reports an EPS of 21.85/- for the period ended June 30, 2017

Shell Pakistan announced Financial Results for the ended June 30, 2017.

The company’s Sales for the period remained the same as in the outgoing year, whereas the Profit after Taxation for the Period increased by 6 percent.

An interim cash dividend for the quarter and six months ended June 30, 2017 at Rs 7.00 per share (i.e. 70%).

Comparison of Key Financials:

Unconsolidated Profit and Loss Account – For the Six Months Ended

Key Financials

Jan – June, 2017

Jan – Jun, 2016

% Change

Sales

117,370,923

117,435,141

0%

Other Revenue

538,643

492,094

9%

Sales tax

21,865,374

27,864,281

-22%

Net Revenue

96,044,192

90,062,954

7%

Cost of products sold

88,311,492

83,476,972

6%

Gross Profit

7,732,700

6,585,982

17%

Dist: And Marketing Expenses

2,669,955

2,298,188

16%

Administrative Expenses

1,937,171

1,880,874

3%

Other Expenses

369,282

204,753

80%

Other income

295,227

422,948

-30%

Operating Profit

3,051,519

2,625,775

16%

Finance costs

93,795

91,417

3%

Share of profit of associate – net of tax

362,837

274,178

32%

Profit before taxation

3,320,561

2,807,876

18%

Taxation

982,197

595,043

65%

Profit for the period

2,338,364

2,212,833

6%

Other Compre: Income

 

Total Compre: Income

2,338,364

2,212,833

6%

EPS – basic and diluted

22

21

6%

Amounts in PKR ‘000

The complete statements can be accessed here.

Posted on: 2017-08-16T15:22:00+05:00