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.