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.
