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.
