Earnings Report: Descon Oxychem (PSX: DOL) today reported Financial Results for the Twelve months ended June 30, 2017

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.

Posted on: 2017-08-31T11:44:00+05:00