Earnings Report: Clover Pakistan Ltd. (PSX: CLOV) today reported Financial Results for the Twelve months ended June 30, 2017
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MG News | September 19, 2017 at 12:59 PM GMT+05:00
Clover Pakistan Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Net Revenue for the period decreased by 94.56 percent in the outgoing year, whereas the Profit after Taxation for the Period also decreased by 97.70 percent.
The board has not recommended any Cash Dividend for the year ended June 30, 2017. The board issued no bonus or right shares.
Comparison of Key Financials
| Unconsolidated Profit and Loss Account - For the Year Ended | |||
| Key Financials | 2017 | 2016 | % Change |
| Amounts in PKR | |||
| Net Revenue | 599,501 | 11,013,416 | -94.56% |
| Cost of Sales | 486,653 | 11,691,777 | -95.84% |
| Gross Profit/(Loss) | 112,848 | 678,361 | -83.36% |
| Dist & Marketing Expenses | - | 1,835,287 | |
| Admin: Expenses | 4,707,340 | 7,689,766 | -38.78% |
| Other Expenses | - | 371,195 |
|
| Other Income | 8,108,974 | 33,332,715 | -75.67% |
| Operating Profit | 3,514,482 | 22,758,106 | -84.56% |
| Finance Costs | 85,771 | 386,061 | -77.78% |
| Profit before Taxation | 3,428,711 | 22,372,045 | -84.67% |
| Taxation | 3,097,159 | 7,949,233 | -61.04% |
| Profit for the Year | 331,552 | 14,422,812 | -97.70% |
| EPS - Basic & diluted | 0.04 | 1.52 | -97.70% |
Company release on Earnings Report can be accessed here.
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