Earnings Report: Cherat Packaging Ltd. (PSX: CPPL) today reported Financial Results for the twelve months ended June 30, 2017

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MG News | August 23, 2017 at 12:09 PM GMT+05:00

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Cherat Packaging Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Net Turnover for the period decreased by 6 percent in the outgoing year, whereas the Profit after Taxation for the Period decreased by 24 percent.

The board has recommended a Cash Dividend @ Rs. 7.00 per share i.e. 70%. This is in addition to the interim dividend already paid at Rs. 2.50/- per share i.e. 25%.

The Board has recommended to issue 13.50% Right Shares (in proportion of 13.50 share for every 100 shares held) at a price of Rupees 125 per share i.e. premium of Rs. 115 per share over the par value of Rs. 10/-.

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

6,443,932

6,888,605

-6%

Cost of Sales

5,187,454

5,306,538

-2%

Gross Profit

1,256,478

1,582,067

-21%

Dist: Costs

117,198

84,536

39%

Admin: Expenses

62,145

48,477

28%

Other Expenses

60,582

97,677

-38%

Other Income

20,508

29,018

-29%

Operating Profit

1,037,061

1,380,395

-25%

Finance Costs

64,118

72,404

-11%

Profit before Taxation

972,943

1,307,991

-26%

Taxation

270,894

389,752

-30%

Net Profit of the year

702,049

918,239

-24%

EPS - Basic and diluted

23.71

31.02

-24%

 

Company release on Earnings Report can be accessed here.

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