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Earnings Report: Thatta Cement Co. Ltd. (THCCL) today reported financial results for the year ended June 30, 2017

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The company’s Net Sales for the period increased by 28 percent in the outgoing year, whereas the Profit after Taxation for the Period decreased by 5 percent from the previous year owing to an unprecedented surge in taxes incurred by the company. Taxation costs for the year increased by 430 percent.

The board has recommended an interim Cash Dividend for the year ended June 30, 2017 at the rate of 23.5% i.e. Rs 2.35/- per share.

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Six Months Ended

Key Financials

2017

2016

% Change

 

Amounts in PKR ‘000

Sales – net

3,656,723

2,846,147

28%

Cost of Sales

2,493,694

1,932,303

29%

Gross Profit

1,163,029

913,844

27%

Selling and Distribution Cost

101,031

71,522

41%

Admin Expenses

148,312

114,141

30%

Operating Profit

913,686

728,181

25%

Other Operating Expenses

54,786

51,875

6%

Finance Cost

87,723

124,995

-30%

Other Income

84,129

114,698

-27%

Profit before Taxation

855,306

666,009

28%

Taxation

273,313

51,566

430%

Profit for the year

581,993

614,443

-5%

EPS – Basic and diluted

5.84

6.16

-5%

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-08-21T12:15:00+05:00