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.
