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.
