Earnings Report: Allied Rental Modaraba (PSX: ARM) today reported Financial Results for the twelve months ended June 30, 2017
MG News | August 28, 2017 at 02:13 PM GMT+05:00
Allied Rental Modaraba announced Financial Results for the period ended June 30, 2017.
The company’s Revenue for the period increased by 16 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 55 percent.
The board has recommended the payment of final Cash Dividend for the year ended June 30, 2017 at the rate of 15% i.e. Rs 1.5/- per share. The board issued no bonus, the board recommended to offer 24,500,000 certificates of Rs 10/- each, which works out to 13.96% Right Certificates, at a premium of Rs 5/-per certificate in proportion of 13.96 certificates for every 100 certificates held.
Comparison of Key Financials
| Unconsolidated Profit and Loss Account - For the Six Months Ended | |||
| Key Financials | 2017 | 2016 | % Change |
| Amounts in PKR | |||
| Revenue | 3,116,267,315 | 2,686,893,227 | 15.98% |
| Operating Expenses | 22,777,014,650 | 2,088,418,631 | 990.63% |
| Gross Profit | 839,252,665 | 598,474,596 | 40.23% |
| Admin: & Dist: Expenses | 176,899,203 | 140,230,948 | 26.15% |
| Finance Costs | 169,421,582 | 141,114,652 | 20.06% |
| Other income | 37,677,943 | 12,455,482 | 202.50% |
| Profit for the year | 457,859,046 | 294,348,872 | 55.55% |
| EPS - Basic & Diluted | 2.61 | 1.76 | 48.30% |
Company release on Earnings Report can be accessed here.
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