Earnings Report: Ittehad Chemicals Ltd. (PSX: ICL) today reported Financial Results for the Twelve months ended June 30, 2017

By MG News | September 19, 2017 at 02:38 PM GMT+05:00

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Ittehad Chemicals Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Sales for the period increased by 10 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 40 by percent.

The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 13% i.e. Rs. 1.30/- per share. 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 ‘000
Sales	4,990,137	4,557,440	9.49%
Cost of Sales	4,170,427	3,766,514	10.72%
Gross Profit	819,710	790,926	3.64%
Selling & Dist: Expenses	260,530	256,003	1.77%
General and Admin: Expenses	157,338	172,910	-9.01%
Other Operating Expenses	67,409	11,915	465.75%
Other Income	49,670	21,846	127.36%
Operating Profit	384,103	371,944	3.27%
Financial Charges	177,152	165,249	7.20%
Profit before Taxation	220,151	224,095	-1.76%
Taxation	131,196	56,722	131.30%
PAT	233,347	167,373	39.42%
EPS - Basic & Diluted	3.37	2.64	27.65%

Company release on Earnings Report can be accessed here.

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