Hum Network Ltd. profit rises 89% to Rs. 1.01 Billion

MG News | October 05, 2017 at 10:25 AM GMT+05:00

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Hum Network’s Revenue for the period increased by 17.77% to reach 4.6 billion up from previous year’s 3.9 billion
Company Administration and Other Expenses increased by 28% and 86% respectively
Network’s Profit after Tax surged by 89% during the reported a period clocking in at 1.01 billion PKR during 2017
Earnings per share for the period totaled at 1.07
The company declared a final cash dividend of Rs. 0.10/- per share at 10% recommendation by Board of Directors

Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Year Ended
Key Financials	2017	2016	% Change
Revenue	4,643,648,317	3,942,824,460	17.77%
Cost of Production	2,623,109,624	2,313,660,029	13.37%
Transmission Cost	86,925,178	86,465,867	0.53%
Gross Profit	1,933,613,515	1,542,698,564	25.34%
Distribution Costs	320,116,149	404,273,284	-20.82%
Administrative Expenses	557,985,145	435,579,401	28.10%
Other Income	84,713,877	123,264,396	-31.27%
Finance Costs	20,950,770	40,020,307	-47.65%
Other Expenses	23,872,392	12,852,677	85.74%
Profit before Taxation	1,095,402,936	773,237,291	41.66%
Taxation	80,019,958	236,301,365	-66.14%
Profit after Taxation	1,015,382,978	536,935,926	89.11%
Earnings per Share - Basic & diluted	1.07	0.79	35.44%

Company release on Earnings Report can be accessed here.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	84,560.00	84,945.00 81,210.00	160.00 0.19%
BRENT CRUDE	69.83	70.21 67.79	0.24 0.34%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-2.35 -2.64%
ROTTERDAM COAL MONTHLY	98.95	99.00 98.95	0.00 0.00%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	65.74	66.11 63.64	0.32 0.49%
SUGAR #11 WORLD	14.26	14.71 14.15	-0.44 -2.99%