Earnings Report: Al Shaheer Corp: (PSX: ASC) today reported Financial Results for the Twelve months ended June 30, 2017

MG News | September 26, 2017 at 11:43 AM GMT+05:00

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Al Shaheer Corp: announced Financial Results for the period ended June 30, 2017.

The company reported a decrease of 7.24% in Turnover for the period ended June, 30 2017, whereas reported suffered losses during the period under review.

The company reported an Earnings per share of Rs. -0.15 in the reported period.

The board has not recommended a final Cash Dividend for the year. The board issued no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Year Ended
Key Financials	2017	2016	% Change
	Amounts in PKR ‘000
Turnover	6,396,462	6,895,580	-7.24%
Cost of Sales	4,869,940	5,067,517	-3.90%
Gross Profit	1,526,702	1,828,063	-16.49%
Admin: & Dist: Costs	1,472,257	1,475,848	-0.24%
Other Expenses	-	26,047
Other Income	18,492	69,638	-73.45%
Operating Profit	72,937	395,806	-81.57%
Finance Costs	81,204	53,867	50.75%
(Loss)/Profit before Taxation	(8,267)	341,939
Taxation	12,535	22,638	-44.63%
Net (Loss)/Profit after Taxation	(20,802)	364,577
(Loss)/Earnings per share - Basic & diluted	(0.15)	2.57

Company release on Earnings Report can be accessed here.

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