Corporate Alert: Synthetic Products Ltd. declares a DPS of 1/- per share, reports an EPS of 4.90 for the period ended June 30, 2017
MG News | August 01, 2017 at 02:06 PM GMT+05:00
Synthetic Product Ltd. announced Financial Results for the period ended June 30, 2017.
The company's Gross Sales for the period increased by 16 percent in the outgoing quarter, whereas the Profit after Taxation for the Period increased by 17 percent.
The board has recommended a cash dividend of Rs1/- per share i.e. 10%, no bonus shares or right shares for the period.
Comparison of Key Financials
| Financial Results - For the year ended 30 June, 2017 | |||
| Key Financials | 2017 | 2016 | % Change |
| Sales - net | 2,699,673,129 | 2,321,850,602 | 16% |
| Cost of Sales | 1,984,802,802 | 1,739,357,228 | 14% |
| Gross Profit | 714,870,327 | 582,493,374 | 23% |
| Administrative Expenses | 136,332,599 | 116,723,787 | 17% |
| Selling and distribution Expenses | 53,524,953 | 47,444,993 | 13% |
| Operating Profit | 525,012,775 | 418,324,594 | 26% |
| Other Income | 14,523,521 | 43,549,944 | -67% |
| Other Charges | 42,829,916 | 29,892,484 | 43% |
| Finance Cost | 32,744,392 | 38,439,289 | -15% |
| Profit before Taxation | 463,961,988 | 393,542,765 | 18% |
| Taxation | 46,801,021 | 37,752,084 | 24% |
| Profit after Taxation | 417,160,967 | 355,790,681 | 17% |
| Earnings per share - basic and diluted | 4.90 | 4.18 | 17% |
Amounts in PKR ‘000
The complete statements can be accessed here.
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