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

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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