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.