Kohinoor Energy Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Sales for the period increased by 13 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 16 percent.
The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 20% i.e. Rs 2.00/- 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
8,223,861
7,283,936
12.90%
Cost of Sales
6,988,329
6,174,928
13.17%
Gross Profit
1,235,532
1,109,008
11.41%
Admin: Expenses
254,976
274,268
-7.03%
Other Income
2,294
1,390
65.04%
Profit from Operations
982,850
836,130
17.55%
Finance Costs
177,972
140,469
26.70%
Profit before Taxation
804,878
695,661
15.70%
Taxation
711
445
59.78%
Profit for the year
804,167
695,216
15.67%
EPS
4.75
4.10
15.85%
Company release on Earnings Report can be accessed here.
