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.