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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