Earnings Report: Atlas Battery Ltd. (PSX: ATBA) today reported Financial Results for the Twelve months ended June 30, 2017

MG News | August 28, 2017 at 02:03 PM GMT+05:00

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Atlas Battery Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Sales for the period increased 22.47 by percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 16.19 percent.

The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 350% i.e. Rs 35/- per share. The board issued no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Twelve Months Ended
Key Financials	2017	2016	% Change
	Amounts in PKR ‘000
Sales	17,169,908	14,019,507	22.47%
Cost of Sales	14,205,436	11,272,034	26.02%
Gross Profit	2,964,472	2,747,473	7.90%
Distribution	606,223	438,088	38.38%
Admin: Expenses	305,430	287,940	6.07%
Other Income	254,361	95,577	166.13%
Other expenses	173,813	176,961	-1.78%
Profit from operations	2,133,367	1,940,061	9.96%
Finance cost	68,170	71,875	-5.15%
Profit before Taxation	2,065,197	1,868,186	10.55%
Taxation	588,571	597,359	-1.47%
Profit for the year	1,476,626	1,270,827	16.19%
Other comprehensive income
Total comprehensive income for the year	1,476,364	1,266,314	16.59%
EPS - Basic & diluted	84.86	73.04	16.18%

Company release on Earnings Report can be accessed here.

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