Pakistan Services Ltd. declares dividend of Rs. 5 per share of 50% for1QFY18

MG News | October 26, 2017 at 11:44 AM GMT+05:00

0:00

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, 30^th 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 30^th 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.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,140.00	119,450.00 115,635.00	4270.00 3.75%
BRENT CRUDE	70.63	70.71 68.55	1.99 2.90%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
ROTTERDAM COAL MONTHLY	108.75	108.75 108.75	0.40 0.37%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.75	68.77 66.50	2.18 3.27%
SUGAR #11 WORLD	16.56	16.60 16.20	0.30 1.85%