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
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.
| Unconsolidated Profit and Loss Account - For the Year Ended, December 30th 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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