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

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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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