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

0:00

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.

Related News

Hala Enterprises to increase weaving capacity by 75%

PSX Closing Bell: Flatlined but Holding On

PACRA maintains Nimir Chemicals' ratings

Name	Price/Vol	%Chg/NChg
KSE100	157,390.14 288.37M	0.78% 1212.33
ALLSHR	96,423.30 1,169.52M	0.83% 792.92
KSE30	48,007.82 150.28M	0.69% 329.35
KMI30	231,879.24 199.30M	0.96% 2197.02
KMIALLSHR	64,859.41 557.83M	0.77% 492.64
BKTi	42,316.59 70.33M	0.94% 393.79
OGTi	31,654.34 10.69M	-0.26% -81.45

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,275.00	118,295.00 116,115.00	1450.00 1.25%
BRENT CRUDE	67.61	68.01 67.50	-0.34 -0.50%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	93.50	93.50 93.50	0.15 0.16%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	63.34	63.82 63.24	-0.71 -1.11%
SUGAR #11 WORLD	16.25	16.27 16.19	-0.02 -0.12%