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.