Earnings Report: Macter International (PSX: MACTER) today reported Financial Results for the Twelve months ended June 30, 2017

Macter International announced Financial Results for the period ended June 30, 2017.

The company’s Turnover for the period increased by 18.45 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 86.39 percent.

The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 42.5% i.e. Rs 4.25/- 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

Turnover

3,629,959

3,064,439

18.45%

Cost of Sales

1,956,580

1,807,274

8.26%

Gross Profit

1,673,379

1,257,165

33.11%

Dist: Costs

1,061,311

806,561

31.58%

Admin: Expenses

201,546

187,227

7.65%

Other Expenses

29,945

26,450

13.21%

Other Income

32,710

30,566

7.01%

Operating Profit

413,287

267,493

54.50%

Finance Costs

60,842

55,226

10.17%

Profit before Taxation

352,445

212,267

66.04%

Taxation

78,221

65,146

20.07%

PAT

274,224

147,121

86.39%

Basic and Diluted – EPS

7.01

3.76

86.44%

Company release on Earnings Report can be accessed here.

Posted on: 2017-09-22T15:09:00+05:00