Monday, August 15, 2022
HomeEquityEarnings Report: Allied Rental Modaraba (PSX: ARM) today reported Financial Results for...

Earnings Report: Allied Rental Modaraba (PSX: ARM) today reported Financial Results for the twelve months ended June 30, 2017

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.

Posted on: 2017-08-28T14:13:00+05:00
RELATED ARTICLES
- Advertisment -

Most Popular