Dawood Hercules profits rise by 763.63 percent to Rs. 3.848 billion

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.

Posted on: 2018-04-25T14:50:00+05:00