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

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.

Posted on: 2017-08-23T14:08:00+05:00