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.