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

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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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