Earnings Report: Dawood Hercules Corp. (PSX: DAWH) today reported Financial Results for the Three and Six months ended June 30, 2017

By MG News | August 23, 2017 at 11:40 AM GMT+05:00

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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.

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