Nihsat (Chunian) Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Revenue for the increased period by 16 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 22.02 percent.
The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 27.50% i.e. Rs 2.75/- 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
Revenue
29,815,994,272
25,779,121,553
15.66%
Cost of Sales
26,916,200,873
23,343,603,779
15.30%
Gross Profit
2,899,793,399
2,455,517,774
18.09%
Dist: Cost
713,514,292
738,168,261
-3.34%
Admin: Expenses
235,449,218
168,988,341
39.33%
Other Expenses
199,858,212
96,432,497
107.25%
Other Income
112,401,854
1,190,718,912
-90.56%
Profit from Operation
2,873,373,531
2,642,647,587
8.73%
Finance Cost
1,094,723,154
1,029,629,378
6.32%
Profit before Taxation
1,778,650,377
1,613,018,209
10.27%
Taxation
157,318,525
284,243,516
-44.65%
PAT
1,621,331,852
1,328,774,693
22.02%
EPS – Basic & diluted
6.75
5.59
20.75%
Company release on Earnings Report can be accessed here.