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

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

The company’s Net Turnover for the period decreased by 6 percent in the outgoing year, whereas the Profit after Taxation for the Period decreased by 24 percent.

The board has recommended a Cash Dividend @ Rs. 7.00 per share i.e. 70%. This is in addition to the interim dividend already paid at Rs. 2.50/- per share i.e. 25%.

The Board has recommended to issue 13.50% Right Shares (in proportion of 13.50 share for every 100 shares held) at a price of Rupees 125 per share i.e. premium of Rs. 115 per share over the par value of Rs. 10/-.

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

6,443,932

6,888,605

-6%

Cost of Sales

5,187,454

5,306,538

-2%

Gross Profit

1,256,478

1,582,067

-21%

Dist: Costs

117,198

84,536

39%

Admin: Expenses

62,145

48,477

28%

Other Expenses

60,582

97,677

-38%

Other Income

20,508

29,018

-29%

Operating Profit

1,037,061

1,380,395

-25%

Finance Costs

64,118

72,404

-11%

Profit before Taxation

972,943

1,307,991

-26%

Taxation

270,894

389,752

-30%

Net Profit of the year

702,049

918,239

-24%

EPS – Basic and diluted

23.71

31.02

-24%

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-08-23T12:09:00+05:00
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