Earnings Report: TPL Trakker (PSX: TPL) today reported Financial Results for the twelve months ended June 30, 2017

MG News | August 24, 2017 at 02:33 PM GMT+05:00

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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.

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