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

MG News | September 20, 2017 at 10:57 AM GMT+05:00

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Pakistan Services Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s for the Net Sales and Services for the period increased by 7.22 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 83.27 percent.

The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 50% i.e. Rs 5.00/- per share. This is in addition to the interim dividend already paid at the rate of 150% i.e. Rs. 15.00. 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
Net Sales and Services	9,811,986	9,151,060	7.22%
Cost of Sales and Services	5,427,241	4,967,545	9.25%
Gross Profit	4,384,745	4,183,515	4.81%
Admin: Expenses	2,663,169	2,383,614	11.73%
Finance Cost	410,915	167,753	144.95%
Other Income	391,614	381,870	2.55%
Impairment Loss	40,509	797,536	-94.92%
Profit before Taxation	1,661,766	1,216,482	36.60%
Taxation	515,929	591,277	-12.74%
PAT	1,145,837	625,205	83.27%
EPS - Basic & Diluted	35.23	19.22	83.30%

Company release on Earnings Report can be accessed here.

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