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.
