Earnings Report: Hi-Tech Laboratories (PSX: HTL) today reported Financial Results for the Twelve months ended June 30, 2017

By MG News | August 28, 2017 at 12:03 PM GMT+05:00

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Hi-Tech Laboratories announced Financial Results for the period ended June 30, 2017.

The company’s Sales for the period decreased by 0.6 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 37 percent.

The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 17.5% i.e. Rs 1.75/- per share. This is in addition to the interim dividend already paid at Rs. 1.35/- per share i.e. 13.5%. 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
Sales	8,416,150,469	8,466,198,565	-0.59%
Sales Tax	927,268,447	1,450,896,485	-36.09%
Net Sales	7,488,882,022	7,015,302,080	6.75%
Cost of Sales	6,716,645,139	4,696,648,662	43.01%
Gross Profit	1,772,236,883	2,045,653,418	-13.37%
Dist: Cost	472,316,882	873,147,771	-45.91%
Admin: Expenses	296,834,248	280,097,565	5.98%
Other Expenses	31,653,426	43,437,010	-27.13%
Other Income	95,756,939	46,313,011	106.76%
Operating Profit	1,067,189,266	895,257,083	19.20%
Finance Cost	35,837,835	16,239,596	120.68%
Profit Before Taxation	1,031,351,431	879,017,487	17.33%
Taxation	304,483,769	349,352,091	-12.84%
PAT	726,867,662	529,665,396	37.23%
EPS - Basic & diluted	6.27	5.43	15.47%

Company release on Earnings Report can be accessed here.

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