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.
