Earnings Report: Akzo Nobel (PSX: AKZO) today reported Financial Results for the Three and Six months ended June 30, 2017

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By MG News | August 28, 2017 at 02:51 PM GMT+05:00

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Akzo Nobel announced Financial Results for the period ended June 30, 2017.

The company’s Net Sales for the period increased by 11.21 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 14 percent.

The board did not recommend any interim Cash Dividend, bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Six Months Ended

Key Financials

Jan - June, 2017

Jan - Jun, 2016

% Change

 

Amounts in PKR ‘000

Turnover

4,404,144

3,947,568

11.57%

Sales tax, excise duty and discounts

1,476,832

1,315,230

12.29%

Net Sales

2,927,312

2,632,338

11.21%

Cost of Sales

1,757,229

1,496,093

17.45%

Gross Profit

1,170,083

1,136,245

2.98%

Selling & Dist: Expenses

577,099

598,704

-3.61%

Admin and General Expenses

163,794

160,287

2.19%

Operating Results

429,190

377,254

13.77%

Finance cost

640

3,580

-82.12%

Other charges

34,632

31,837

8.78%

Other income

58,902

84,410

-30.22%

Profit before taxation

452,820

426,247

6.23%

Taxation

157,673

167,241

-5.72%

Profit after taxation

295,147

259,006

13.95%

EPS - Basic & diluted

6.36

5.58

13.98%

 

Company release on Earnings Report can be accessed here.

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