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.
