Earnings Report: Pakistan Paper Products Ltd. (PSX: PPL) today reported Financial Results for the Twelve months ended June 30, 2017

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 the Year 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.

Posted on: 2017-09-18T13:43:00+05:00