Exide Pakistan announced Financial Results for the quarter ended June 30, 2017.
The company’s Net Sales for the period increased by 12 percent in the outgoing quarter, whereas the Profit after Taxation for the Period declined by 75 percent.
The board has recommended no cash dividend, bonus shares or right shares for the period.
Comparison of Key Financials
|
Financial Results – For the Quarter Ended |
|||
|
Key Financials |
June 30, 2017 |
June 30, 2016 |
% Change |
|
Sales |
4,446,513 |
4,359,246 |
2% |
|
Cost of Sales |
3,903,776 |
3,543,436 |
10% |
|
Gross Profit |
542,737 |
815,810 |
-33% |
|
Operating Expenses |
397,902 |
353,185 |
13% |
|
Operating Profit |
144,835 |
462,625 |
-69% |
|
Finance Cost |
30,612 |
23,509 |
30% |
|
Other Charges |
9,803 |
34,869 |
-72% |
|
Other Income |
664 |
392 |
69% |
|
Profit before Tax |
105,084 |
404,639 |
-74% |
|
Taxation – Total |
35,727 |
129,484 |
-72% |
|
Tax – Current |
35,727 |
129,484 |
-72% |
|
Tax – Deferred |
– |
– |
|
|
Profit after Tax |
69,357 |
275,155 |
-75% |
|
Un-appropriated Profit brought Forward |
893,562 |
577,310 |
55% |
|
Transferred to Revenue Reserve for the year ended March 31, 2017/2016 |
600,000 |
530,000 |
13% |
|
Final Cash Dividend for the year ended March 31, 2017(125%)2016(100%) |
97,108 |
77,686 |
25% |
|
Un-appropriated Profit carried forward |
265,811 |
424,779 |
-37% |
|
Earnings per share |
8.93 |
35.42 |
-75% |
Amounts in PKR ‘000
The complete statements can be accessed here.
