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Earnings Report: Dynea Pakistan (PSX: DYNO) today reported Financial Results for the Twelve months ended June 30, 2017

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Dynea Pakistan announced Financial Results for the period ended June 30, 2017.

The company’s Net Turnover for the period increased by 3.27 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 31 percent.

The board has recommended a Cash Dividend for the year ended June 30, 2017 at the rate of 80% i.e. Rs 4.00/- per share. 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

Net Turnover

2,497,540,206

2,418,399,721

3.27%

Cost of Sales

2,033,170,897

2,007,370,215

1.29%

Gross Profit

464,369,309

411,029,506

12.98%

Distribution Costs

118,416,170

109,317,275

8.32%

Administrative Expenses

69,648,535

74,209,533

-6.15%

Other income

6,203,825

647,207

858.55%

Operating Profit

282,508,429

228,149,905

23.83%

Finance Charges

3,434,535

12,907,509

-73.39%

Other charges

20,164,140

16,013,707

25.92%

Profit before Taxation

258,909,754

199,228,689

29.96%

Taxation

81,932,025

63,881,725

28.26%

Net Profit for the year

176,977,729

135,346,964

30.76%

EPS – Basic & diluted

9.38

7.17

30.82%

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-08-29T11:07:00+05:00