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

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.

Posted on: 2017-08-23T11:40:00+05:00