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.