Engro Corporation announces Financial Results for the period ended June 30, 2017.
The company’s Dividend and Royalty Income for the period increased by 52 percent in the outgoing year, whereas the Profit after Taxation for the Period also declined by 79 percent owing to a 930 percent spike in Taxes paid in the period.
- Interim cash dividend for the quarter ended June 30, 2017 @ Rs 7.00 per share i.e. 70%. This is in addition to the already paid interim dividend at Rs. 5.00 per share i.e. 50%.
- Bonus Shares/Right Shares – Nil
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Six Months Ended |
|||
Key Financials |
Jan – June, 2017 |
Jan – Jun, 2016 |
% Change |
Amounts |
|||
Dividend and Royalty Income |
5,828,500 |
3,842,506 |
52% |
Admin: Expenses |
506,297 |
550,911 |
-8% |
Other Income |
2,152,429 |
16,630,583 |
-87% |
Other Operating Expenses |
2,980 |
1,287 |
132% |
Finance Cost |
277,355 |
281,568 |
-1% |
Profit before Taxation |
7,194,297 |
19,339,472 |
-63% |
Taxation |
3,089,268 |
299,851 |
930% |
Profit/(loss) after taxation |
4,105,029 |
19,339,472 |
-79% |
Earnings per share – basic and diluted |
7.84 |
36.92 |
-79% |
Add: Unappropriated Profit brought forward |
61,307,059 |
13,585,382 |
351% |
Less: DPS of 7/- for the year ended 31, 2015 |
– |
3,666,493 |
-100% |
Less: First Interim DPS of 5/- for the year ended 31, 2016 |
– |
2,618,925 |
-100% |
Less: DPS of 4/- for the year ended 31, 2016 |
2,095,140 |
– |
|
Less: First Interim DPS of 5/- for the year ended 31, 2017 |
2,618,925 |
– |
|
Profit available for Appropriation |
60,698,023 |
26,639,436 |
128% |
Company release on Earnings Report can be accessed here.