Earnings Report: Habib – ADM Ltd. (PSX: HAL) today reported Financial Results for twelve months ended June 30, 2017

MG News | August 23, 2017 at 02:08 PM GMT+05:00

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Habib – ADM Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Net Turnover for the period increased by 9 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 18 percent.

The Board of Directors has recommended a cash dividend at the rate of 25% i.e. Rs. 1.25 per share of Rs. 5 each to stockholders. The board issued no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account
Key Financials	2017	2016	% Change
	Amounts in PKR
Net Turnover	1,138,210,921	1,041,050,134	9%
Cost of Sales	965,630,437	881,495,248	10%
Gross Profit	172,580,484	159,554,886	8%
Dist: Cost	61,869,055	72,529,974	-15%
Admin Expenses	82,729,273	85,925,234	-4%
Other Expenses	769,328	1,349,733	-43%
Other income	18,102,915	18,811,015	-4%
Finance Cost	1,330,996	1,424,058	-7%
Profit before Taxation	43,984,747	17,136,902	157%
Taxation	5,333,662	15,705,977	-66%
Profit after Taxation	38,651,085	32,842,879	18%
EPS	0.97	0.82	18%

Company release on Earnings Report can be accessed here.

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