Earnings Report: Haydari Construction Co. Ltd. (PSX: HADC) today reported Financial Results for the Twelve months ended June 30, 2017

MG News | September 21, 2017 at 11:06 AM GMT+05:00

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Haydari Construction Co. Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Total Income for the period increased by 1062.65 percent in the outgoing year, whereas the company suffered huge losses in the reported period.

The board did not recommend a Cash Dividend for the year ended June 30, 2017. The board issued no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Year Ended
Key Financials	2017	2016	% Change
	Amounts in PKR
Dividend Income	17,718	18,276	-3.05%
Scrap Sale	200,000	-
Admin: Expenses	249,512	276,739	-9.84%
Auditor's Remuneration	91,800	85,000	8.00%
Depreciation	149,548	172,203	-13.16%
Bank Charges	1,088	588	85.03%
Total Admin: & other Expenses	497,948	534,530	-6.84%
(Loss) before Taxation	(274,230)	(516,254)	-46.88%
Taxation	2,223	2,300	-3.35%
Net (Loss) after Tax for the Year	(276,453)	(518,554)	-46.69%
Other Compre: Income
(Loss)/Gain on re-measurements	(14,207)	36,286	-139.15%
Total Compre: (Loss) for the Year	(290,660)	(482,268)	-39.73%
(Loss) per share - Basic & Diluted	(0.0432)	(0.0810)	-46.67%

Company release on Earnings Report can be accessed here.

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