Dawood Hercules (DAWH) today announced financial results for the three months period ending 31 March, 2018 reporting Dividend Income at Rs. 648.818 million; a decrease of 16.81 percent. Furthermore, the company’s Gross Profit rose to Rs. 531.350 billion from Rs. 667.166 million last year during the outgoing three months.
On the expenses front, DAWH reported 4.21 percent increase in Administrative Expenses, 20.10 percent increase in Finance Costs.
Furthermore, DAWH also reported a mammoth 1113948.01 percent increase in Other Income reaching Rs. 3.642 billion during the three months.
Dawood Hercules reported profit after taxation at Rs. 3.848 billion against Rs. 445.571 million during the same period last year translating into an EPS of Rs. 8.0 vs. an EPS of Rs. 0.93 during the three months ending March, 2017.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Three Months Ended, March 30th 2018
Key Financials
March, 2018
March, 2017
% Change
Amounts in PKR’ 000
Dividend Income
648,818
779,890
-16.81%
Administrative Expenses
117,468
112,724
4.21%
Gross Profit
531,350
667,166
-20.36%
Other Income – Net
3,642,937
327
1113948.01%
Operating Profit
4,174,287
667,493
525.37%
Finance Costs
149,366
124,365
20.10%
Profit before Taxation
4,024,921
543,128
641.06%
Taxaiton
176,836
97,557
81.26%
Profit after Taxation
3,848,085
445,571
763.63%
Unappropriated Profit brought forward
27,253,301
25,325,990
7.61%
Profit available for appropriation
31,101,386
25,771,561
20.68%
EPS – Basic and diluted
8.00
0.93
760.22%
Company release on Earnings Report can be accessed here.