Earnings Report: Cherat Packaging Ltd. (PSX: CPPL) today reported Financial Results for the twelve months ended June 30, 2017
MG News | August 23, 2017 at 12:09 PM GMT+05:00
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.
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 138,412.25 167.69M | 0.32% 447.43 |
| ALLSHR | 85,702.96 423.92M | 0.15% 131.52 |
| KSE30 | 42,254.84 82.09M | 0.43% 180.24 |
| KMI30 | 194,109.59 84.37M | 0.15% 281.36 |
| KMIALLSHR | 56,713.67 217.03M | 0.03% 16.37 |
| BKTi | 37,831.34 13.04M | 1.62% 603.62 |
| OGTi | 27,440.63 3.93M | -0.09% -23.70 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 119,135.00 | 119,275.00 117,905.00 | 1515.00 1.29% |
| BRENT CRUDE | 72.39 | 72.82 72.29 | -0.85 -1.16% |
| RICHARDS BAY COAL MONTHLY | 96.50 | 0.00 0.00 | 2.20 2.33% |
| ROTTERDAM COAL MONTHLY | 104.50 | 104.50 104.50 | -0.30 -0.29% |
| USD RBD PALM OLEIN | 998.50 | 998.50 998.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 70.00 | 70.41 69.92 | 0.00 0.00% |
| SUGAR #11 WORLD | 16.46 | 16.58 16.37 | -0.13 -0.78% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|