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.
