Earnings Report: Nishat (Chunian) Power Ltd. (PSX: NCPL) today reported Financial Results for the Twelve months ended June 30, 2017

MG News | September 22, 2017 at 03:25 PM GMT+05:00

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Nishat Chunian Power Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Sales for the period increased by 17 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 9 percent.

The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 10% i.e. Rs 1.00/- per share. This is in addition to the interim dividend already paid at the rate of 15% i.e. Rs. 1.50/-. 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	16,147,843	13,853,806	16.56%
Cost of Sales	11,827,672	9,660,067	22.44%
Gross Profit	4,320,171	4,193,739	3.01%
Admin: Expenses	172,968	153,998	12.32%
Other Expenses	92,963	92,339	0.68%
Other Income	36,458	27,956	30.41%
Finance Cost	1,092,520	1,219,116	-10.38%
Profit before Taxation	2,998,448	2,756,242	8.79%
Taxation	1,303	-
Profit After Taxation	2,999,751	2,756,242	8.83%
EPS - Basic and diluted	8.17	7.50	8.93%

Company release on Earnings Report can be accessed here.

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