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 |
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Key Financials |
2017 |
2016 |
% Change |
Amounts in PKR ‘000 |
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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.