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 |
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|
Key Financials |
2017 |
2016 |
% Change |
|
Amounts in PKR ‘000 |
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|
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.
