Earnings Report: Cherat Cement Co. Ltd. (PSX: CHCC) today reported Financial Results for the twelve months ended June 30, 2017
MG News | August 23, 2017 at 01:56 PM GMT+05:00
Cherat Cement Co. Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Net Turnover for the period increased by 36 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 39 percent.
The board has recommended a Cash Dividend for the period ended June 30, 2017 at the rate of 35% i.e. Rs 3.50/- per share. This is in addition to the interim dividend already paid at Rs. 1.0/- per share i.e. 1.%. The board issued no bonus or right shares.
Comparison of Key Financials
| Unconsolidated Profit and Loss Account | |||
| Key Financials | 2017 | 2016 | % Change |
| Amounts in PKR ‘000 | |||
| Net Turnover | 9,645,399 | 7,079,368 | 36% |
| Cost of Sales | 6,432,281 | 4,445,307 | 45% |
| Gross Profit | 3,213,118 | 2,634,061 | 22% |
| Dist: Costs | 279,998 | 234,241 | 20% |
| Admin: Expenses | 225,109 | 192,278 | 17% |
| Other Expenses | 143,389 | 155,789 | -8% |
| Other income | 133,348 | 43,352 | 208% |
| Operating Profit | 2,698,006 | 2,095,105 | 29% |
| Finance Costs | 188,215 | 43,708 | 331% |
| Profit before Taxation | 2,509,791 | 2,051,397 | 22% |
| Taxation | 553,229 | 646,205 | -14% |
| Net profit for the period | 1,956,562 | 1,405,192 | 39% |
| EPS - basic and diluted | 11.08 | 7.96 | 39% |
Company release on Earnings Report can be accessed here.
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