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

By MG News | August 21, 2017 at 02:18 PM GMT+05:00

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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.

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