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

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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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