Earnings Report: Pioneer Cement Ltd. (PSX: PIOC) today reported Financial Results for the Twelve months ended June 30, 2017

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By MG News | September 27, 2017 at 02:33 PM GMT+05:00

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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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