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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

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.

Posted on: 2017-08-01T14:06:00+05:00
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