Earnings Report: Sazgar Engineering Works Ltd. (PSX: SAZEW) today reported Financial Results for the Twelve months ended June 30, 2017

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By MG News | September 26, 2017 at 09:48 AM GMT+05:00

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Sazgar Engineering Works Ltd. announced Financial Results for the period ended June 30, 2017.

The company reported an increase of 26% in Sales for the period ended June, 30 2017, whereas reported an increase of 33% in Profit after Tax.

The company reported an Earnings per share of Rs. 7.95, up by 33% from same period last year.

The board has not recommended a final Cash Dividend for the year ended June 30, 2017. This is in addition to the interim dividend already paid at 12.5% of Rs. 1.25/-. 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

Net Sales

3,618,144,493

2,873,866,541

25.90%

Cost of Sales

3,238,663,489

2,585,180,116

25.28%

Gross Profit

379,481,004

288,686,425

31.45%

Dist: Cost

83,912,593

69,547,356

20.66%

Admin: Expenses

65,884,066

56,919,426

15.75%

Other Operating Expenses

26,703,862

12,766,183

109.18%

Other Income

2,922,832

7,284,005

-59.87%

Operating Profit before Finance Cost

205,903,315

156,737,465

31.37%

Finance Cost

1,789,570

2,779,669

-35.62%

Profit before Taxation

204,113,745

153,957,796

32.58%

Taxation

61,291,804

46,288,058

32.41%

PAT

142,821,941

107,669,738

32.65%

EPS - Basic & diluted

7.95

5.99

32.72%

Company release on Earnings Report can be accessed here.

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