Saif Power Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Net Turnover for the period increased by 29 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 16 percent.
However, company’s Other Income decline by more 50 percent.
The board has recommended an interim Cash Dividend for the half year ended June 30, 2017 at the rate of 17.5% i.e. Rs 1.75/- per share. The board issued no bonus or right shares.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Six Months Ended |
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Key Financials |
Jan – June, 2017 |
Jan – Jun, 2016 |
% Change |
Amounts in PKR |
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Turnover – net |
7,623,582,204 |
5,903,485,421 |
29% |
Cost of Sales |
5,888,264,615 |
4,280,967,697 |
38% |
Gross Profit |
1,735,317,589 |
1,622,517,724 |
7% |
Admin: Expenses |
79,304,217 |
68,525,341 |
16% |
Finance cost |
336,167,691 |
422,046,932 |
-20% |
Other Income |
2,847,931 |
6,723,720 |
-58% |
Profit for the Period |
1,322,693,612 |
1,138,669,171 |
16% |
EPS – basic and diluted |
3.42 |
2.95 |
16% |
Company release on Earnings Report can be accessed here.