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

    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.

    Posted on: 2017-09-27T14:33:00+05:00