Pakistan Paper Products Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Net Sales for the period increased by 7.54 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 58.08 percent.
The board has recommended a Cash Dividend for the year ended June 30, 2017 at the rate of 20% i.e. Rs 2.00/- per share. This is in addition to the interim dividend already paid at Rs. 3.5/- per share i.e. 35%. The board issued no bonus or right shares.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For theYear Ended
Key Financials
2017
2016
% Change
Amounts in PKR
Turnover
724,393,700
676,554,925
7.07%
Sales Tax, discounts, and sales return
64,458,483
62,882,458
2.51%
Net Sales
659,935,217
613,672,467
7.54%
Cost of Sales
535,264,235
488,329,974
9.61%
Other Operating Income/(Loss)
781,858
(5,322,715)
Admin: Expenses
28,014,279
32,948,298
-14.98%
Selling & Dist: Expenses
13,161,462
11,959,056
10.05%
Operating Profit
78,862,429
69,827,752
12.94%
Finance Cost
5,803,628
7,255,421
-20.01%
Profit before Taxation
73,058,801
62,572,331
16.76%
Net Taxation
12,411,687
24,206,645
-48.73%
Profit for the year
60,647,114
38,365,686
58.08%
EPS – Basic & Diluted
10.11
6.39
58.22%
Company release on Earnings Report can be accessed here.
