Dawood Hercules' profits display impressive growth of 104%

News Image

MG News | February 20, 2019 at 03:05 PM GMT+05:00

0:00

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%

 

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 134,299.77
290.06M
0.39%
517.42
ALLSHR 84,018.16
764.12M
0.48%
402.35
KSE30 40,814.29
132.59M
0.33%
132.52
KMI30 192,589.16
116.24M
0.49%
948.28
KMIALLSHR 56,072.25
387.69M
0.32%
180.74
BKTi 36,971.75
19.46M
-0.05%
-16.94
OGTi 28,240.28
6.19M
0.21%
58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,140.00 119,450.00
115,635.00
4270.00
3.75%
BRENT CRUDE 70.63 70.71
68.55
1.99
2.90%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
1.14%
ROTTERDAM COAL MONTHLY 108.75 108.75
108.75
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.75 68.77
66.50
2.18
3.27%
SUGAR #11 WORLD 16.56 16.60
16.20
0.30
1.85%

Chart of the Day


Latest News
July 11, 2025 at 10:56 PM GMT+05:00

Gold price in Pakistan rises Rs2,300 per tola


July 11, 2025 at 05:49 PM GMT+05:00

PKR gains 10 paisa per USD


July 11, 2025 at 05:41 PM GMT+05:00

PSX Closing Bell: Bulls Serenade The Bourse


July 11, 2025 at 05:06 PM GMT+05:00

UBL doubles profit to Rs65bn in 1HCY25


July 11, 2025 at 04:19 PM GMT+05:00

Ideal Spinning Mills to exit spinning business



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg