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.