Pakistan Services Ltd. Sales and Services for the period increased by 0.45%, amounting to a total of 2.49 billion Rupees during the three months ended September, 30th 2017
Company’s gross profit increased by 4.1% during the reported quarter
An increase of 125% in the finance costs led to a substantial decline in bottom-line, Profit after tax for the period decreased by 71.52% reaching 92 million against last year’s profit of 325 million rupees.
The company’s earnings per share reached 2.85 rupees vs 10.01 same quarter last year
After the approval of Board, the company recommended an interim cash dividend of Rs. 5.00 per share at the rate of 50%
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For Three Months Ended, September 30th 2017
Key Financials
2017
2016
% Change
Amounts in PKR ‘000
Sales and services – net
2,499,553
2,488,419
0.45%
Cost of sales and services
1,320,931
1,316,215
0.36%
Gross profit
1,178,622
1,132,204
4.10%
Administrative expenses
683,925
706,466
-3.19%
Finance cost
155,275
68,952
125.19%
Other income/(loss)
153,772
107,055
43.64%
Profit before taxation
185,650
463,841
-59.98%
Taxation
92,957
138,428
-32.85%
Profit for the period
92,693
325,413
-71.52%
EPS – basic and diluted
2.85
10.01
-71.53%
Company release on Earnings Report can be accessed here.
