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HomeEquityEarnings Report: Ittehad Chemicals Ltd. (PSX: ICL) today reported Financial Results for...

Earnings Report: Ittehad Chemicals Ltd. (PSX: ICL) today reported Financial Results for the Twelve months ended June 30, 2017

Ittehad Chemicals Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Sales for the period increased by 10 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 40 by percent.

The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 13% i.e. Rs. 1.30/- per share. The board issued no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Year Ended

Key Financials

2017

2016

% Change

 

Amounts in PKR ‘000

Sales

4,990,137

4,557,440

9.49%

Cost of Sales

4,170,427

3,766,514

10.72%

Gross Profit

819,710

790,926

3.64%

Selling & Dist: Expenses

260,530

256,003

1.77%

General and Admin: Expenses

157,338

172,910

-9.01%

Other Operating Expenses

67,409

11,915

465.75%

Other Income

49,670

21,846

127.36%

Operating Profit

384,103

371,944

3.27%

Financial Charges

177,152

165,249

7.20%

Profit before Taxation

220,151

224,095

-1.76%

Taxation

131,196

56,722

131.30%

PAT

233,347

167,373

39.42%

EPS – Basic & Diluted

3.37

2.64

27.65%

Company release on Earnings Report can be accessed here.

Posted on: 2017-09-19T14:38:00+05:00
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