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

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.

Posted on: 2017-09-26T09:48:00+05:00