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

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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