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.
