Corporate Alert: Pakistan Cables declares a DPS of Rs. 2.00/- per share and reports an EPS of 16.81 for the year ended June 30, 2017

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Pakistan Cables announced Financial Results for the year ended June 30, 2017.

The company’s Net Sales for the period increased by 18 percent in the outgoing year, whereas the Profit after Taxation for the Period also increased 81 percent.

The board has recommended an interim Cash Dividend for the year ended June 30, 2017 at the rate of 20% i.e. Rs 2.00/- per share. This is in addition to the interim dividend already paid at Rs.8.50/- per share i.e. 85%.                                                                                                                                                                               

Comparison of Key Financials:

Unconsolidated Profit and Loss Account – For the year Ended

Key Financials

June 30, 2017

June 30, 2016

% Change

Net Sales

8,083,511

6,849,559

18%

Cost of Sales

6,815,996

5,766,671

18%

Gross Profit

1,267,515

1,082,888

17%

Operating Expenses

636,138

602,424

6%

Finance Costs

65,620

80,856

-19%

Other Expenses

48,746

31,420

55%

Other Income

97,694

27,148

260%

Share of Profit from associate

9,546

11,849

-19%

Profit before Income Tax

624,251

407,185

53%

Taxation

145,795

142,905

2%

Profit for the Year

478,456

264,280

81%

EPS – Basic and diluted

16.81

9.29

81%

Amounts in PKR ‘000

The complete statements can be accessed here.

Posted on: 2017-08-11T13:14:00+05:00

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