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.