Earnings Report: Dadex Eternit LTd. (PSX: DADX) today reported Financial Results for the Twelve months ended June 30, 2017

MG News | September 22, 2017 at 10:16 AM GMT+05:00

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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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