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

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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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