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

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.

Posted on: 2017-09-22T10:16:00+05:00