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

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.

Posted on: 2017-09-22T15:25:00+05:00