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.
