Earnings Report: Cyan (PSX: CYAN) announced today reported financial results for the Three and Six months period ended June 30, 2017
MG News | August 22, 2017 at 10:45 AM GMT+05:00
Cyan Limited announced Financial Results for the period ended June 30, 2017.
The company’s Return on Investments for the period decreased by 32 percent in the outgoing year, whereas the company did not make any profits rather incurred losses for the period.
The board issued no bonus or right shares; it also did not declare any dividend.
Comparison of Key Financials
| Unconsolidated Profit and Loss Account - For the Six Months Ended | |||
| Key Financials | Jan - June, 2017 | Jan - Jun, 2016 | % Change |
| Amounts in PKR ‘000 | |||
| Return on investments | 85,052 | 124,330 | -32% |
| Gain/(loss) on sale of investments | 197,393 | 59,710 | 231% |
| Other income | 16,282 | 3,206 | 408% |
| Operating and Admin Expenses | 52,728 | 57,160 | -8% |
| Financial Charges | 10,811 | 7,605 | 42% |
| (Loss)/Profit for the period before taxation | (45,613) | 283,556 | |
| Taxation | 29,932 | 39,967 | -25% |
| (Loss)/Profit after the taxation | (75,545) | 323,523 | |
| EPS - Basic and diluted | (1.29) | 5.52 | -123% |
Company release on Earnings Report can be accessed here.
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