Earnings Report: Brushane LPG (PSX: BPL) today reported Financial Results for the Twelve months ended June 30, 2017

Brushane LPG announced Financial Results for the period ended June 30, 2017.

The company’s Net Sales for the period decreased by 9.24 percent in the outgoing year, whereas the reported Profits for the year after incurring losses in the previous year.

The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 10% i.e. Rs 1.00/- per share. 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

Net Sales

1,826,825

2,012,770

-9.24%

Cost of Goods Sold

1,617,005

1,871,442

-13.60%

Gross Profit

209,820

141,328

48.46%

Admin: Expenses

92,102

86,395

6.61%

Dist: and Marketing Expenses

62,752

65,283

-3.88%

Other Income

49,812

45,133

10.37%

Other Expenses

19,895

17,171

15.86%

Operating Profit

85,793

17,612

387.13%

Finance Costs

35,162

31,580

11.34%

Profit/(Loss) after Taxation

50,631

(13,968)

 

Taxation

21,598

6,417

236.57%

Profit/(Loss) for the year

29,033

(7,551)

 

Earnings/(Loss) per share – Basic & Diluted

1.29

(0.34)

 

Total Compre: Income for the year

18,661

(7,299)

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-09-19T14:37:00+05:00