Pak Suzuki Motor Company announced its Financial Results for the Half Year Ended June 30, 2017.
The company’s Turnover increased by 20 percent in the outgoing year, whereas the Profit for the Period increased by 39 percent in comparison to same quarter previous year.
The board approved no cash dividend, bonus shares or right shares.
January – June |
||||
Key Financials |
June, 2017 |
June, 2017 |
% Change |
|
Turnover |
46,828,895 |
38,988,857 |
20% |
|
Cost of Sales |
42,003,672 |
35,006,197 |
20% |
|
Gross Profit |
4,825,223 |
3,982,660 |
21% |
|
Distribution Cost |
1,381,903 |
1,006,799 |
37% |
|
Administrative Expenses |
736,482 |
819,557 |
-10% |
|
Finance Cost |
41,236 |
84,428 |
-51% |
|
Other Operating Income |
445,184 |
589,937 |
-25% |
|
Workers' Profit Participation Fund |
155,539 |
133,293 |
17% |
|
Workers' Welfare Fund |
59,105 |
50,652 |
17% |
|
Profit before Taxation |
2,896,142 |
2,481,868 |
17% |
|
Taxation – Total |
904,093 |
1,046,379 |
-14% |
|
Current |
1,013,843 |
1,020,879 |
-1% |
|
Deferred |
109,750 |
25,500 |
330% |
|
Net Profit for the Period |
1,992,049 |
1,435,489 |
39% |
|
Earnings per Share – basic |
24.20 |
17.44 |
39% |
Rupees in 000’
The complete statement can be accessed here.