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

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.

Posted on: 2018-03-19T16:00:00+05:00