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

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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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