Earnings Report: Cyan (PSX: CYAN) announced today reported financial results for the Three and Six months period ended June 30, 2017

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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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