Dawood Hercules’ profits display impressive growth of 104%

February 20, 2019 (MLN): Dawood Hercules Corporation Limited has stated profits of Rs. 33 billion for the year ended December 31, 2018, approximately 104% higher than last year.

The massive growth in bottom-lines was a result of an equally impressive increase in company’s sales revenue by 33.42%, and non-core income by 96.54%.

The Earning per share (EPS) of the company stood at Rs. 29.6, around 311% higher than that of previous year.

The company also announced a final Cash Dividend at Rs. 4 per share i.e. 40%. This is in addition to Interim Dividends already paid at Rs. 6 per share i.e. 60%.                 

Profit and loss account for the year ended December 31 2018 (Rupees'000)

 

Dec-18

Dec-17

% Change

Revenue

171,568,238

128,592,511

33.42%

Cost of revenue

-120,459,766

-93,786,270

28.44%

Gross Profit

51,108,472

34,806,241

46.84%

Selling and distribution expenses

-8,488,255

-7,850,236

8.13%

Administrative expenses

-6,604,715

-4,446,220

48.55%

Other income

21,984,273

11,185,463

96.54%

Other operating expenses

-4,427,332

-2,405,793

84.03%

Operating profit

53,572,442

31,289,455

71.22%

Finance cost

-6,336,224

-5,623,683

12.67%

Share of income from joint ventures & associates

128,647

2,689,331

-95.22%

Profit before taxation

47,364,865

28,355,103

67.04%

Taxation

-14,215,976

-12,107,942

17.41%

Profit for the year

33,148,889

16,247,161

104.03%

Earnings per share – basic and diluted

29.60

7.19

311.68%

 

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Posted on: 2019-02-20T15:05:00+05:00

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