Earnings Report: Kohinoor Energy Ltd. (PSX: KOHE) today reported Financial Results for the year ended June 30, 2017

MG News | September 20, 2017 at 03:07 PM GMT+05:00

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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.

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