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HomeEquityEarnings Report: Cherat Cement Co. Ltd. (PSX: CHCC) today reported Financial Results...

Earnings Report: Cherat Cement Co. Ltd. (PSX: CHCC) today reported Financial Results for the twelve months ended June 30, 2017

Cherat Cement Co. Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Net Turnover for the period increased by 36 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 39 percent.

The board has recommended a Cash Dividend for the period ended June 30, 2017 at the rate of 35% i.e. Rs 3.50/- per share. This is in addition to the interim dividend already paid at Rs. 1.0/- per share i.e. 1.%. The board issued no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account

Key Financials

2017

2016

% Change

 

Amounts in PKR ‘000

Net Turnover

9,645,399

7,079,368

36%

Cost of Sales

6,432,281

4,445,307

45%

Gross Profit

3,213,118

2,634,061

22%

Dist: Costs

279,998

234,241

20%

Admin: Expenses

225,109

192,278

17%

Other Expenses

143,389

155,789

-8%

Other income

133,348

43,352

208%

Operating Profit

2,698,006

2,095,105

29%

Finance Costs

188,215

43,708

331%

Profit before Taxation

2,509,791

2,051,397

22%

Taxation

553,229

646,205

-14%

Net profit for the period

1,956,562

1,405,192

39%

EPS – basic and diluted

11.08

7.96

39%

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-08-23T13:56:00+05:00
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