Pakistan International Container Terminal Ltd. profit falls 1.35% to Rs. 2 billion

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By MG News | October 25, 2017 at 01:01 PM GMT+05:00

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  • PICT Net Revenue for the period remained the same at 7.12 billion against 7.13 billion during FY ‘16
  • Finance Costs for the period went down substantially, a 78% decline during the reported nine months
  • After the approval from Board of Directors, company approved a cash dividend of Rs. 6.25/share at the rate of 62.5%
Comparison of Key Financials

Unconsolidated Profit and Loss Account - For Nine Months Ended, September 30th 2017

Key Financials

2017

2016

% Change
 

Amounts in PKR ‘000

Net Revenue

7,121,000

7,137,552

-0.23%

Cost of Services

3,663,973

3,549,361

3.23%

Gross Profit

3,457,027

3,588,191

-3.66%

Administrative Expenses

302,554

312,423

-3.16%

Other Income/(Expenses) - net

10,623

(7,055)

 

Finance Cost

8,271

38,833

-78.70%

Profit before Taxation

3,156,825

3,229,880

-2.26%

Taxation

1,063,803

1,108,174

-4.00%

Profit after Taxation

2,093,022

2,121,706

-1.35%

EPS -basic and diluted

19.18

19.44

-1.34%

Company release on Earnings Report can be accessed here.

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