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 |
| Â |
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% |
Â
Company release on Earnings Report can be accessed here.
