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

MG News | September 19, 2017 at 02:37 PM GMT+05:00

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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.

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