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.