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Corporate Alert: Pakgen Power Ltd. declares a dividend of Rs. 1.00/- per share, reports an EPS of 1.65 for the half year ended June 30, 2017

Pakgen Power Ltd. announced Financial Results for the half year ended June 30, 2017.

The company’s Revenue for the period increased by 43% in the outgoing year, whereas the Profit after Taxation for the Period increased by 554% for the period.

The board has recommended an interim cash dividend at 10% [i.e. Re. 1/- (Rupee One only)] per share for the first half year ended June 30, 2017. The board recommended no bonus shares, right shares.

Comparison of Key Financials:

Financial Results – For year Ended

Key Financials

June 30, 2017

June 30, 2016

% Change

Revenue

10,510,277

7,367,627

43%

Cost of Sales

9,433,761

6,874,634

37%

Gross Profit

1,076,516

492,993

118%

Admin Expenses

97,268

93,849

4%

Other Expenses

11,649

1,039

1021%

Other Income

5,255

1,306

302%

Profit from Operations

972,854

399,411

144%

Finance Cost

327,469

300,715

9%

Share of Loss from Associated Co.

(74)

 

Profit before Taxation

645,385

98,622

554%

Taxation

 

Profit after Taxation

645,385

98,622

554%

Other Compre: Income

 

Total Compre: Income for the period

645,385

98,622

554%

EPS – Basic and diluted

1.73

0.27

541%

                                                                                                                                                                          

Rupees in Thousands

The complete statements can be accessed here.

Posted on: 2017-08-15T15:23:00+05:00
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