Pak Elektron Ltd. profits fall 9.86% to Rupees 3.308 billion

Pak Elektron Limited today reported financial statements for the year ending December, 2017. The company reported a 15.52 percent increase in net revenue increasing gross profits by 17.97 percent.

PAEL’s Total revenue during the outgoing year clocked in at 42.346 billion rupees, with a total sales tax and discount of 11.346 billion. Furthermore, the company during the year improved gross margins by 18 percent which clocked in at 21.883 billion.

Company’s Other Income took a slide downward by more than 52 percent during the period under review, however, distribution costs went up by 64.84 percent

Profit after taxation for the period declined by more than 9.86 percent during the year, with total profit clocking in at 3.308 billion resulting in the earnings per share of 6.56 rupees per share.

In addition to that, the company also declared a final cash dividend for the year ended December 31st, 2017at Rs. 01.20 per share i.e. 12 percent. This is in addition to interim dividend already paid at the Rs. 1.50 per share i.e. 15.00 percent.

Company release on Earnings Report can be accessed here.