Earnings Report: Pioneer Cement Ltd. (PSX: PIOC) today reported Financial Results for the Twelve months ended June 30, 2017
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MG News | September 27, 2017 at 02:33 PM GMT+05:00
Pioneer Cement Ltd. announced Financial Results for the period ended June 30, 2017.
The company reported an increase of 13.5% in Net Sales for the period ended June, 30 2017, whereas reported an increase of 16% in Profit after Tax.
The company reported an Earnings per share of Rs. 12.84, up by 16% from same period last year.
The board has recommended a final Cash Dividend for the year ended June 30, 2017 @ of 33.50% a total of Rs. 3.35/share. This is in addition to the interim dividend already paid at 21.50% of Rs. 2.15/-. 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 | 10,630,994 | 9,366,533 | 13.50% |
| Cost of Sales | 6,202,685 | 5,361,331 | 15.69% |
| Gross Profit | 4,428,309 | 4,005,202 | 10.56% |
| Dist: Cost | 94,064 | 59,982 | 56.82% |
| Admin: Expenses | 84,581 | 81,545 | 3.72% |
| Other Income | 156,511 | 285,922 | -45.26% |
| Other Expenses | 301,976 | 285,518 | 5.76% |
| Operating Profit | 4,104,199 | 3,864,079 | 6.21% |
| Finance Cost | 34,694 | 17,471 | 98.58% |
| Profit before Taxation | 4,069,505 | 3,846,608 | 5.79% |
| Taxation | 1,151,960 | 1,327,830 | -13.24% |
| PAT | 2,917,545 | 2,518,778 | 15.83% |
| EPS - Basic & diluted | 12.84 | 11.09 | 15.78% |
Company release on Earnings Report can be accessed here.
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