Earnings Report: Hi-Tech Laboratories (PSX: HTL) today reported Financial Results for the Twelve months ended June 30, 2017

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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

 

Amounts in PKR 

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%

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-08-28T12:03:00+05:00

Data is delayed by 20 minutes

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