Crescent Steel & Allied Ltd. announced Financial Results for the year ended June 30, 2017.
The company’s Net Sales for the period declined by 38% percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 5 percent.
The board has recommended a final cash dividend of Rs. 2.25/- (i.e. @ 22.5%) per share for the year ended 30 June, 2017. This is in addition to first and second interim cash dividend of Rs. 1.5/- share each (i.e. 15% each); which makes a total distribution of Rs. 5.25 per share (i.e. 52.5%) for the year ended June 30, 2017. The board issued no bonus shares or right shares.
Comparison of Key Financials:
Financial Results – For Period Ended |
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Key Financials |
June 30, 2017 |
June 30, 2016 |
% Change |
Sales – net |
10,208,644 |
7,412,035 |
38% |
Cost of Sales |
8,349,794 |
5,269,059 |
58% |
Gross Profit |
1,858,850 |
2,142,976 |
-13% |
Income from Investments |
246,889 |
42,555 |
480% |
Dist: and Selling Expenses |
31,024 |
15,497 |
100% |
Administrative Expenses |
286,750 |
283,103 |
1% |
Other Operating Expenses |
410,821 |
421,253 |
-2% |
Other Income |
201,832 |
93,675 |
115% |
Operating profit before Finance Costs |
1,578,976 |
1,559,353 |
1% |
Finance Costs |
187,273 |
243,780 |
-23% |
Profit before Taxation |
1,391,703 |
1,315,573 |
6% |
Taxation |
379,268 |
348,437 |
9% |
Profit after Taxation |
1,012,435 |
967,136 |
5% |
Basic and diluted – EPS |
13.04 |
12.97 |
1% |
Rupees in Thousands
The complete statements can be accessed here.