HUBCO announced Financial Results for the ended June 30, 2017.
The company’s Turnover for the period increased by 9 percent in the outgoing year, whereas the Profit after Taxation for the Period decreased by 10 percent.
The board has recommended an interim Cash Dividend for the year ended June 30, 2017 at the rate of 25% i.e. Rs 2.50/- per share. This is in addition to the interim dividend already paid at Rs. 5.00/- per share i.e. 50%. The board issued no bonus or right shares.
Comparison of Key Financials:
|
Unconsolidated Profit and Loss Account – For the Six Months Ended |
|||
|
Key Financials |
Jan – June, 2017 |
Jan – Jun, 2016 |
% Change |
|
Turnover |
78,589,767 |
71,925,328 |
9% |
|
Operating Costs |
69,272,692 |
61,489,986 |
13% |
|
Gross Profit |
9,317,075 |
10,435,342 |
-11% |
|
General and Admin: Expenses |
615,204 |
759,628 |
-19% |
|
Other Income |
1,557,042 |
1,439,122 |
8% |
|
Other operating expenses |
76,754 |
425,284 |
-82% |
|
Profit for Operations |
10,182,159 |
10,689,552 |
-5% |
|
Finance Costs |
1,783,632 |
1,415,794 |
26% |
|
Profit before Taxation |
8,398,527 |
9,273,758 |
-9% |
|
Taxation |
142,434 |
147,494 |
-3% |
|
PAT |
8,256,093 |
9,126,264 |
-10% |
|
Discontinued Operations |
 |  |  |
|
PAT from Discontinued Operations |
1,343,980 |
2,449,541 |
-45% |
|
Profit for the year – continued and discontinued |
9,600,073 |
11,575,805 |
-17% |
|
EPS |
8.29 |
10.00 |
-17% |
|
Continuing Operations |
7.13 |
7.89 |
-10% |
|
Discontinued Operations |
1.16 |
2.11 |
-45% |
Amounts in PKR ‘000
The complete statements can be accessed here.
