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HomeUncategorizedEarnings Report: Pioneer Cement Ltd. (PSX: PIOC) today reported Financial Results for...

Earnings Report: Pioneer Cement Ltd. (PSX: PIOC) today reported Financial Results for the Twelve months ended June 30, 2017

Pioneer Cement Ltd. announced Financial Results for the period ended June 30, 2017.

The company reported an increase of 13.5% in Net Sales for the period ended June, 30 2017, whereas reported an increase of 16% in Profit after Tax.

The company reported an Earnings per share of Rs. 12.84, up by 16% from same period last year.

The board has recommended a final Cash Dividend for the year ended June 30, 2017 @ of 33.50% a total of Rs. 3.35/share. This is in addition to the interim dividend already paid at 21.50% of Rs. 2.15/-. 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

10,630,994

9,366,533

13.50%

Cost of Sales

6,202,685

5,361,331

15.69%

Gross Profit

4,428,309

4,005,202

10.56%

Dist: Cost

94,064

59,982

56.82%

Admin: Expenses

84,581

81,545

3.72%

Other Income

156,511

285,922

-45.26%

Other Expenses

301,976

285,518

5.76%

Operating Profit

4,104,199

3,864,079

6.21%

Finance Cost

34,694

17,471

98.58%

Profit before Taxation

4,069,505

3,846,608

5.79%

Taxation

1,151,960

1,327,830

-13.24%

PAT

2,917,545

2,518,778

15.83%

EPS – Basic & diluted

12.84

11.09

15.78%

Company release on Earnings Report can be accessed here.

Posted on: 2017-09-27T14:33:00+05:00
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