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.
