Hi-Tech Laboratories announced Financial Results for the period ended June 30, 2017.
The company’s Sales for the period decreased by 0.6 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 37 percent.
The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 17.5% i.e. Rs 1.75/- per share. This is in addition to the interim dividend already paid at Rs. 1.35/- per share i.e. 13.5%. The board issued no bonus or right shares.
Comparison of Key Financials
|
Unconsolidated Profit and Loss Account – For the Twelve Months Ended |
|||
|
Key Financials |
2017 |
2016 |
% Change |
| Â |
Amounts in PKRÂ |
||
|
Sales |
8,416,150,469 |
8,466,198,565 |
-0.59% |
|
Sales Tax |
927,268,447 |
1,450,896,485 |
-36.09% |
|
Net Sales |
7,488,882,022 |
7,015,302,080 |
6.75% |
|
Cost of Sales |
6,716,645,139 |
4,696,648,662 |
43.01% |
|
Gross Profit |
1,772,236,883 |
2,045,653,418 |
-13.37% |
|
Dist: Cost |
472,316,882 |
873,147,771 |
-45.91% |
|
Admin: Expenses |
296,834,248 |
280,097,565 |
5.98% |
|
Other Expenses |
31,653,426 |
43,437,010 |
-27.13% |
|
Other Income |
95,756,939 |
46,313,011 |
106.76% |
|
Operating Profit |
1,067,189,266 |
895,257,083 |
19.20% |
|
Finance Cost |
35,837,835 |
16,239,596 |
120.68% |
|
Profit Before Taxation |
1,031,351,431 |
879,017,487 |
17.33% |
|
Taxation |
304,483,769 |
349,352,091 |
-12.84% |
|
PAT |
726,867,662 |
529,665,396 |
37.23% |
|
EPS – Basic & diluted |
6.27 |
5.43 |
15.47% |
Â
Company release on Earnings Report can be accessed here.
