Earnings Report: Service Industries (PSX: SRVI) today reported Financial Results for the Three and Six months ended June 30, 2017
MG News | August 22, 2017 at 03:03 PM GMT+05:00
Service Industries announced Financial Results for the period ended June 30, 2017.
The company’s Net Sales for the period increased by 7 percent in the outgoing year, whereas the Profit after Taxation for the Period decreased by 40 percent.
The board has recommended an interim Cash Dividend of Rs. 10/- share i.e. 100%. The board issued no bonus or right shares.
Comparison of Key Financials
| Unconsolidated Profit and Loss Account - For the Six Months Ended | |||
| Key Financials | Jan - June, 2017 | Jan - Jun, 2016 | % Change |
| Amounts in PKR ‘000 | |||
| Net sales | 10,214,186 | 9,574,399 | 7% |
| Cost of Sales | 8,470,286 | 7,539,250 | 12% |
| Gross Profit | 1,743,900 | 2,035,149 | -14% |
| Operating Expenses | |||
| Dist. Cost | 665,237 | 483,047 | 38% |
| Admin. Expenses | 518,086 | 452,392 | 15% |
| Other operating expenses | 76,578 | 159,053 | -52% |
| Operating Profit before other income | 483,999 | 940,657 | -49% |
| Other income | 195,176 | 68,776 | 184% |
| Operating Profit | 679,175 | 1,009,433 | -33% |
| Finance Cost | 137,274 | 130,030 | 6% |
| Profit before Taxation | 541,901 | 879,403 | -38% |
| Taxation | 117,452 | 170,472 | -31% |
| PAT | 424,449 | 708,931 | -40% |
| EPS - basic and diluted | 35.29 | 58.94 | -40% |
Company release on Earnings Report can be accessed here.
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