Earnings Report: Service Industries (PSX: SRVI) today reported Financial Results for the Three and Six months ended June 30, 2017

By MG News | August 22, 2017 at 03:03 PM GMT+05:00

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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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