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
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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