Dawood Hercules Corp. announced Financial Results for the period ended June 30, 2017.
The company’s Dividend Income for the period decreased by 37 percent in the outgoing year, whereas the Profit after Taxation for the Period decreased by 47 percent.
The board has recommended no Cash Dividend, any bonus or right shares.
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 | |||
Dividend Income | 2,358,790 | 3,720,327 | -37% |
Admin Expenses | 258,347 | 409,602 | -37% |
Gross Profit | 2,100,443 | 3,310,725 | -37% |
Other operating expenses | – | 660 | -100% |
Other income | 552 | 8,705 | -94% |
Operating Profit | 2,100,995 | 3,318,770 | -37% |
Finance Costs | 228,861 | 169,600 | 35% |
Profit before Taxation | 1,872,134 | 3,149,170 | -41% |
Taxation | 487,779 | 524,410 | -7% |
Profit after Taxation | 1,384,355 | 2,624,760 | -47% |
Profit available for Appropriation | 24,787,036 | 27,774,662 | -11% |
EPS – Basic and diluted | 2.88 | 5.45 | -47% |
Company release on Earnings Report can be accessed here.
