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

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%