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Corporate Alert: Rafhan Maize Products Co. Ltd. declares a dividend of Rs 75 & reports an EPS of 230.50 for the year ended June 30, 2017

Rafhan Maize Products Co. Ltd. announced Financial Results for the half year and quarter ended June 30, 2017.

The company’s Net Sales for the period increased by 2 percent in the outgoing year, whereas the Profit after Taxation for the Period increased 5 percent.

The board recommended an interim Cash Dividend for the half year and quarter ended June 30, 2017 at Rs. 75/- per share i.e.75%. This dividend is in addition to first interim dividend already paid @ Rs100/- per share i.e. 100%.

Comparison of Key Financials:

Financial Results – For the half Year Ended

Key Financials

June 30, 2017

June 30, 2016

% Change

Sales – Net

13,122,477

12,880,815

2%

Cost of Sales

9,524,729

9,484,373

0%

Gross Profit

3,597,748

3,396,442

6%

Operating Expenses

453,874

366,554

24%

Other Income

92,695

87,976

5%

Other Expenses

211,062

210,587

0%

Operating Profit

3,025,507

2,907,277

4%

Finance Cost

8,270

7,794

6%

Profit before Taxation

3,017,237

2,899,483

4%

Taxation

888,229

879,094

1%

Profit after Taxation

2,129,008

2,020,389

5%

EPS – Basic and diluted (Rs)

230.5

218.74

5%

 

Rupees in Thousands

The complete statements can be accessed here.

Posted on: 2017-08-15T12:29:00+05:00
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