Dynea Pakistan announced Financial Results for the period ended June 30, 2017.
The company’s Net Turnover for the period increased by 3.27 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 31 percent.
The board has recommended a Cash Dividend for the year ended June 30, 2017 at the rate of 80% i.e. Rs 4.00/- per share. The board issued no bonus or right shares.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Twelve Months Ended |
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Key Financials |
2017 |
2016 |
% Change |
Amounts in PKR |
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Net Turnover |
2,497,540,206 |
2,418,399,721 |
3.27% |
Cost of Sales |
2,033,170,897 |
2,007,370,215 |
1.29% |
Gross Profit |
464,369,309 |
411,029,506 |
12.98% |
Distribution Costs |
118,416,170 |
109,317,275 |
8.32% |
Administrative Expenses |
69,648,535 |
74,209,533 |
-6.15% |
Other income |
6,203,825 |
647,207 |
858.55% |
Operating Profit |
282,508,429 |
228,149,905 |
23.83% |
Finance Charges |
3,434,535 |
12,907,509 |
-73.39% |
Other charges |
20,164,140 |
16,013,707 |
25.92% |
Profit before Taxation |
258,909,754 |
199,228,689 |
29.96% |
Taxation |
81,932,025 |
63,881,725 |
28.26% |
Net Profit for the year |
176,977,729 |
135,346,964 |
30.76% |
EPS – Basic & diluted |
9.38 |
7.17 |
30.82% |
Company release on Earnings Report can be accessed here.