Earnings Report: Atlas Battery Ltd. (PSX: ATBA) today reported Financial Results for the Twelve months ended June 30, 2017

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Atlas Battery Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Sales for the period increased 22.47 by percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 16.19 percent.

The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 350% i.e. Rs 35/- per share. The board issued no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Twelve Months Ended

Key Financials

2017

2016

% Change

 

Amounts in PKR ‘000

Sales

17,169,908

14,019,507

22.47%

Cost of Sales

14,205,436

11,272,034

26.02%

Gross Profit

2,964,472

2,747,473

7.90%

Distribution

606,223

438,088

38.38%

Admin: Expenses

305,430

287,940

6.07%

Other Income

254,361

95,577

166.13%

Other expenses

173,813

176,961

-1.78%

Profit from operations

2,133,367

1,940,061

9.96%

Finance cost

68,170

71,875

-5.15%

Profit before Taxation

2,065,197

1,868,186

10.55%

Taxation

588,571

597,359

-1.47%

Profit for the year

1,476,626

1,270,827

16.19%

Other comprehensive income

     

Total comprehensive income for the year

1,476,364

1,266,314

16.59%

EPS – Basic & diluted

84.86

73.04

16.18%

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-08-28T14:03:00+05:00

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