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 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.
