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

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

The company’s Net Sales for the period increased by 75.29 percent in the outgoing year, whereas the Profit after Taxation for the Period decreased by 58 percent.

The board has not recommended any Cash Dividend for the year ended June 30, 2017. 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

2,911,967

1,661,248

75.29%

Cost of Sales

2,642,741

1,206,571

119.03%

Gross Profit

269,226

454,677

-40.79%

Dist: & Selling Costs

63,004

54,331

15.96%

Admin: & General Expenses

43,365

33,597

29.07%

Other Expenses

12,159

30,868

-60.61%

Other Income

9,289

142

6441.55%

Finance Cost

142,986

114,335

25.06%

Profit before Taxation

17,001

221,688

-92.33%

Taxation

66,502

20,070

231.35%

PAT from Continuing Operations

83,503

201,618

-58.58%

Loss from Dis-continued Operations

(44,845)

(110,112)

-59.27%

Profit for the Year

38,658

91,506

-57.75%

EPS – Basic & Diluted

0.69

1.63

-57.67%

Company release on Earnings Report can be accessed here.

Posted on: 2017-09-21T12:54:00+05:00