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

MG News | September 18, 2017 at 01:43 PM GMT+05:00

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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.

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