Dawood Hercules Corporation Ltd. profits fall 29.58 percent to Rs. 3.852 billion

MG News | March 19, 2018 at 04:00 PM GMT+05:00

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Dawood Hercules Corporation Limited today posted financial results for the year ending December, 2017. The company declared 5.778 billion worth of income from dividend falling by more than 22.14 percent against 2016.

The company reported a 55 percent decline in other income and 21 percent decline in operating profit. The company reported a 29.58 percent decline in profit after taxation clocking in at Rupees 27.253 million against Rupees 25.325 in 2016.

The company reported an earnings of Rupees 8 per share. In addition to that, the company will declare a final cash dividend at Rupees 2 per share i.e. 20 percent. This is in addition to interim cash dividend already paid at Rs. 2 per share 20 percent.

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Year Ended, December 30^th 2017
Key Financials	2017	2016	% Change
	Amounts in PKR ‘000
Dividend Income	5,778,734	7,421,534	-22.14%
Administrative Expenses	491,840	746,348	-34.10%
Other Operating Expenses	4,539	2,241	102.54%
Other Income	6,240	13,898	-55.10%
Operating Profit	5,288,595	6,686,843	-20.91%
Finance Cost	493,048	392,679	25.56%
Profit before Taxation	4,795,547	6,294,164	-23.81%
Taxation	943,195	823,923	14.48%
Profit after Taxation	3,852,352	5,470,241	-29.58%
Unappropriated Profit brought forward	25,325,985	28,282,384	-10.45%
Other Comprehensive Income	112	(4,116)	-102.72%
Profit available for Appropriation	27,253,301	25,325,985	7.61%
EPS - Basic and diluted	8.0	11.4	-29.64%

Company release on Earnings Report can be accessed here.

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