Pakistan Services Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s for the Net Sales and Services for the period increased by 7.22 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 83.27 percent.
The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 50% i.e. Rs 5.00/- per share. This is in addition to the interim dividend already paid at the rate of 150% i.e. Rs. 15.00. 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 |
|||
Net Sales and Services |
9,811,986 |
9,151,060 |
7.22% |
Cost of Sales and Services |
5,427,241 |
4,967,545 |
9.25% |
Gross Profit |
4,384,745 |
4,183,515 |
4.81% |
Admin: Expenses |
2,663,169 |
2,383,614 |
11.73% |
Finance Cost |
410,915 |
167,753 |
144.95% |
Other Income |
391,614 |
381,870 |
2.55% |
Impairment Loss |
40,509 |
797,536 |
-94.92% |
Profit before Taxation |
1,661,766 |
1,216,482 |
36.60% |
Taxation |
515,929 |
591,277 |
-12.74% |
PAT |
1,145,837 |
625,205 |
83.27% |
EPS – Basic & Diluted |
35.23 |
19.22 |
83.30% |
Company release on Earnings Report can be accessed here.