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

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.

Posted on: 2017-09-26T11:43:00+05:00