Hum Network Ltd. profit rises 89% to Rs. 1.01 Billion
MG News | October 05, 2017 at 10:25 AM GMT+05:00
- 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
| 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.
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