Dawood Lawrencepur Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Net Revenue for the period decreased by 65 percent in the outgoing year, whereas the Profit after Taxation for the Period decreased by 79 percent.
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
Continuing Operations
Net Revenue
51,287
144,268
-64.45%
Cost of Revenue
55,530
130,777
-57.54%
Gross Profit/(loss)
(4,243)
13,491
Dividend Income
312,628
507,457
-38.39%
Selling and Dist: Expenses
10,356
12,665
-18.23%
Admin: Expenses
33,853
42,188
-75.45%
Other Income
24,003
11,695
189.47%
Operating Profit/(loss)
288,179
477,790
Finance Costs
16,402
9,507
2931.23%
Profit before Taxation
271,777
468,283
-96.50%
Taxation
78,837
98,997
174.53%
Profit after Taxation
192,940
369,286
-78.65%
Loss from Discontinued Operations
Loss from Discontinued Operations
(11,855)
(19,096)
-37.92%
Profit for the period
181,085
350,190
-48.29%
EPS – basic and diluted (Discontinued Operation)
3.27
6.25
-47.68%
Loss Per share – basic and diluted (Discontinued Operation)
(0.20)
(0.32)
-37.50%
Company release on Earnings Report can be accessed here.
