Earnings Report: Saif Power Ltd. (PSX: SPWL) today reported financial results for the three and six months ended June 30, 2017

Saif Power Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Net Turnover for the period increased by 29 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 16 percent.

However, company’s Other Income decline by more 50 percent.

The board has recommended an interim Cash Dividend for the half year ended June 30, 2017 at the rate of 17.5% i.e. Rs 1.75/- per share. The board issued no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Six Months Ended

Key Financials

Jan – June, 2017

Jan – Jun, 2016

% Change

 

Amounts in PKR

Turnover – net

7,623,582,204

5,903,485,421

29%

Cost of Sales

5,888,264,615

4,280,967,697

38%

Gross Profit

1,735,317,589

1,622,517,724

7%

Admin: Expenses

79,304,217

68,525,341

16%

Finance cost

336,167,691

422,046,932

-20%

Other Income

2,847,931

6,723,720

-58%

Profit for the Period

1,322,693,612

1,138,669,171

16%

EPS – basic and diluted

3.42

2.95

16%

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-08-21T14:18:00+05:00