Engro Polymer & Chemicals announced Financial Results for the year ended June 30, 2017.
The company’s Net Revenue for the period increased by 17 percent in the outgoing year, whereas the Profit after Taxation for the Period increased 2666 percent.
The board recommended no Cash Dividend or bonus/right shares.
Comparison of Key Financials:
Financial Results – For the Year Ended |
|||
Key Financials |
June 30, 2017 |
June 30, 2016 |
% Change |
Net Revenue |
13,045,657 |
11,161,213 |
17% |
Cost of Sales |
10,098,103 |
9,745,082 |
4% |
Gross Profit |
2,947,554 |
1,416,131 |
108% |
Distribution and Marketing Expenses |
640,281 |
597,070 |
7% |
Administrative Expenses |
257,444 |
242,981 |
6% |
Other Operating Expenses |
112,294 |
52,760 |
113% |
Other Income |
47,610 |
8,549 |
457% |
Operating Profit |
1,985,145 |
531,869 |
273% |
Finance Costs |
396,747 |
465,005 |
-15% |
Profit before Taxation |
1,588,398 |
66,864 |
2276% |
Taxation |
544,219 |
29,107 |
1770% |
Profit for the Period |
1,044,179 |
37,757 |
2666% |
Earnings per share – basic and diluted |
1.57 |
0.06 |
2517% |
Accumulated (loss) brought forward |
(1,628,905) |
(2,283,693) |
|
Deferred Tax charges relating to revaluation of Equity related charts |
– |
– |
|
Accumulated (loss) before appropriation |
(584,726) |
(2,245,936) |
|
Dividend |
– |
– |
|
Accumulated (loss) after appropriation |
(584,726) |
(2,245,936) |
The complete statements can be accessed here.