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.