Habib – ADM Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Net Turnover for the period increased by 9 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 18 percent.
The Board of Directors has recommended a cash dividend at the rate of 25% i.e. Rs. 1.25 per share of Rs. 5 each to stockholders. 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 |
|||
Net Turnover |
1,138,210,921 |
1,041,050,134 |
9% |
Cost of Sales |
965,630,437 |
881,495,248 |
10% |
Gross Profit |
172,580,484 |
159,554,886 |
8% |
Dist: Cost |
61,869,055 |
72,529,974 |
-15% |
Admin Expenses |
82,729,273 |
85,925,234 |
-4% |
Other Expenses |
769,328 |
1,349,733 |
-43% |
Other income |
18,102,915 |
18,811,015 |
-4% |
Finance Cost |
1,330,996 |
1,424,058 |
-7% |
Profit before Taxation |
43,984,747 |
17,136,902 |
157% |
Taxation |
5,333,662 |
15,705,977 |
-66% |
Profit after Taxation |
38,651,085 |
32,842,879 |
18% |
EPS |
0.97 |
0.82 |
18% |
Company release on Earnings Report can be accessed here.