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.