Hascol Petroleum Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Net Sales for the period increased by 79 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 29 percent.
The board has recommended an interim Cash Dividend for the half year ended June 30, 2017 at the rate of 35% i.e. Rs 3.50/- per share. The board issued no bonus or right shares.
Comparison of Key Financials
|
Unconsolidated Profit and Loss Account – For the Six Months Ended |
|||
|
Key Financials |
Jan – June, 2017 |
Jan – Jun, 2016 |
% Change |
|
Amounts in PKR ‘000 |
|||
|
Sales – net |
94,552,773 |
59,260,277 |
59.56% |
|
Sales tax |
17,022,134 |
15,964,165 |
6.63% |
|
Net sales |
77,530,639 |
43,296,112 |
79.07% |
|
Other Revenue |
211,890 |
70,852 |
199.06% |
|
Net Revenue |
77,742,529 |
43,366,964 |
79.27% |
|
Cost of Products Sold |
74,692,636 |
41,197,394 |
81.30% |
|
Gross Profit |
3,049,893 |
2,169,570 |
40.58% |
|
Selling and dist: Expenses |
1,167,850 |
771,993 |
51.28% |
|
Admin: Expenses |
301,082 |
258,263 |
16.58% |
|
Other income |
133,675 |
90,044 |
48.46% |
|
Operating Profit |
1,714,636 |
1,229,358 |
39.47% |
|
Finance Cost |
262,358 |
211,013 |
24.33% |
|
Other (charges)/income |
22,647 |
32,460 |
-30.23% |
|
Profit before Taxation |
1,429,631 |
985,885 |
45.01% |
|
Taxation |
639,024 |
373,858 |
70.93% |
|
Profit for the period |
790,607 |
612,027 |
29.18% |
|
EPS – Basic & diluted |
6.55 |
5.07 |
29.19% |
Company release on Earnings Report can be accessed here.
