Pak Elektron Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Revenue for the period increased by 10 percent in the outgoing year, whereas the Profit after Taxation for the Period Increased by 1 percent.
The board has recommended an interim Cash Dividend for the quarter ended June 30, 2017 at the rate of 15% i.e. Rs 10/- per share of Rs.1.50/- each. The board issued no bonus or right shares.
Comparison of Key Financials:
|
Financial Results – For the Period Ended** |
|||
|
Key Financials |
June 30, 2017 |
June 30, 2016 |
% Change |
|
Revenue |
14,736,351 |
13,449,584 |
10% |
|
Sales tax and Discounts |
2,359,290 |
2,064,377 |
14% |
|
Revenue – Net |
12,377,061 |
11,385,207 |
9% |
|
Cost of Sales |
10,155,378 |
9,023,915 |
13% |
|
Gross Profit |
2,221,683 |
2,361,292 |
-6% |
|
Distribution Cost |
287,148 |
286,907 |
0% |
|
Administrative Expenses |
289,623 |
262,999 |
10% |
|
Other Operating Expenses |
96,483 |
94,496 |
2% |
|
Other Operating Income |
14,852 |
20,493 |
-28% |
|
Operating Profit |
1,563,281 |
1,737,383 |
-10% |
|
Finance Cost |
436,953 |
500,949 |
-13% |
|
Profit before Taxation |
1,126,328 |
1,236,434 |
-9% |
|
Provision for Taxation |
110,719 |
231,867 |
-52% |
|
Profit After Taxation |
1,015,609 |
1,004,567 |
1% |
|
Other Comprehensive Income |
– |
– |
|
|
Total Comprehensive Income |
1,015,609 |
1,004,567 |
1% |
|
Earnings per share – basic and diluted |
2.00 |
2.10 |
-5% |
**Unconsolidated Financial Earnings
Amounts in PKR ‘000
The complete statements can be accessed here.
