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

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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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