Nishat Power Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Sales for the period increased by 8.24 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 1.24 percent.
The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 20% i.e. Rs 2/- per share. This is in addition to the interim dividend already paid at the rate of 20% i.e. Rs2.00/-. 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
15,041,692
13,896,036
8.24%
Cost of Sales
11,175,473
10,008,691
11.66%
Gross Profit
3,866,219
3,887,345
-0.54%
Admin: Expenses
253,805
201,723
25.82%
Other Expenses
2,628
1,348
94.96%
Other Income
23,034
33,755
-31.76%
Finance Cost
749,052
866,561
-13.56%
Profit before Taxation
2,883,715
2,851,065
1.15%
Taxation
2,714
–
Profit for the Year
2,886,429
2,851,065
1.24%
EPS – Basic & diluted
8.15
8.05
1.24%
Company release on Earnings Report can be accessed here.