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	79,835.00	80,245.00 79,385.00	-65.00 -0.08%
BRENT CRUDE	115.09	116.95 114.43	-0.72 -0.62%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	-0.35 -0.27%
ROTTERDAM COAL MONTHLY	146.75	146.75 146.75	-0.50 -0.34%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	101.20	102.82 100.60	-0.56 -0.55%
SUGAR #11 WORLD	19.25	19.27 19.07	0.15 0.79%