Earnings Report: Pakistan Synthetics Ltd. (PSX: PSYL) today reported Financial Results for the Twelve months ended June 30, 2017
MG News | September 21, 2017 at 12:54 PM GMT+05:00
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.
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