Earnings Report: Descon Oxychem (PSX: DOL) today reported Financial Results for the Twelve months ended June 30, 2017
MG News | August 31, 2017 at 11:44 AM GMT+05:00
Descon Oxychem announced Financial Results for the period ended June 30, 2017.
The company’s Sales for the period increased by 24 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 355 percent.
The board has not recommended any interim Cash Dividend on Ordinary Sahres, however the company did issue a dividend for Preference Shares for the quarter ended June 30, 2017 rate of 12%. The board issued no bonus or right shares.
Comparison of Key Financials
| Unconsolidated Profit and Loss Account - For the Twelve Months Ended | |||
| Key Financials | 2017 | 2016 | % Change |
| Amounts in PKR ‘000 | |||
| Sales | 1,961,005 | 1,581,547 | 23.99% |
| CoGS | 1,454,383 | 1,238,213 | 17.46% |
| Gross Profit | 506,622 | 343,334 | 47.56% |
| Admin Expenses | 76,368 | 66,060 | 15.60% |
| Dist: & Selling Costs | 75,868 | 76,040 | -0.23% |
| Other Income | 11,338 | 17,713 | -35.99% |
| Other Operating Expenses | 20,451 | 6,707 | 204.92% |
| Operating Profit | 345,273 | 210,240 | 64.23% |
| Finance Cost | 11,739 | 76,564 | -84.67% |
| Profit before Taxation | 333,534 | 133,676 | 149.51% |
| Taxation | 128,609 | 88,687 | 45.01% |
| NPAT | 204,925 | 44,989 | 355.50% |
| EPS - Basic | 2.01 | 0.44 | 356.82% |
| EPS - Diluted | 0.97 | 0.21 | 361.90% |
Company release on Earnings Report can be accessed here.
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