TPL Trakker announced Financial Results for the period ended June 30, 2017.
The company’s Net Turnover for the period decreased by 2.01 percent in the outgoing year, whereas the Profit after Taxation for the Period decreased by 9.11 percent.
The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 2.5% i.e. Rs 0.25/- per share. The board issued no bonus or right shares.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Twelve Months Ended
Key Financials
2017
2016
% Change
Amounts in PKR
Net Turnover
1,506,281,654
1,537,180,808
-2.01%
Cost of Sales
716,495,191
761,838,325
-5.95%
Gross Profit
789,786,463
775,342,483
1.86%
Dist: Expenses
239,918,365
231,753,991
3.52%
Admin: Expenses
368,525,475
326,818,274
12.76%
Operating Profit
181,342,623
216,770,218
-16.34%
Other Expenses
1,359,659
12,574,083
-89.19%
Finance Costs
149,727,603
123,634,898
21.10%
Other Income
49,093,003
44,895,502
9.35%
Profit before Taxation
79,349,003
125,456,739
-36.75%
Taxation
22,445,698
62,847,532
-64.29%
PAT
56,903,305
62,609,207
-9.11%
Total Comprehensive Income for the Year
42,849,008
146,337,100
-70.72%
EPS – Basic & diluted
0.26
0.29
-10.34%
Company release on Earnings Report can be accessed here.