Earnings Report: Dadex Eternit LTd. (PSX: DADX) today reported Financial Results for the Twelve months ended June 30, 2017
By MG News | September 22, 2017 at 10:16 AM GMT+05:00
Dadex Eternit Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Net Turnover for the period increased by 11 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 8364 percent due to an abysmal performance last period.
The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 6.3% i.e. Rs 0.63/- per share. 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 ‘000 | |||
| Net Turnover | 2,391,591 | 2,163,119 | 10.56% |
| Cost of Sales | 1,964,982 | 1,782,094 | 10.26% |
| GP | 426,609 | 381,025 | 11.96% |
| Dist: Costs | 134,850 | 103,827 | 29.88% |
| Admin: Expenses | 127,969 | 117,773 | 8.66% |
| Operating Profit/(Loss) | 181,751 | 196,232 | -7.38% |
| Finance Costs | 117,741 | 126,376 | -6.83% |
| Profit/(Loss) before Taxation | 64,010 | 69,850 | -8.36% |
| Taxation | 47,166 | 69,651 | -32.28% |
| Profit/(Loss) after Taxation | 16,844 | 199 | 8364.32% |
| Earnings/(Loss) per share - Basic & diluted | 1.56 | 2.48 | -37.10% |
Company release on Earnings Report can be accessed here.
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