Service Industries announced Financial Results for the period ended June 30, 2017.
The company’s Net Sales for the period increased by 7 percent in the outgoing year, whereas the Profit after Taxation for the Period decreased by 40 percent.
The board has recommended an interim Cash Dividend of Rs. 10/- share i.e. 100%. 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 ‘000 |
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Net sales |
10,214,186 |
9,574,399 |
7% |
Cost of Sales |
8,470,286 |
7,539,250 |
12% |
Gross Profit |
1,743,900 |
2,035,149 |
-14% |
Operating Expenses |
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Dist. Cost |
665,237 |
483,047 |
38% |
Admin. Expenses |
518,086 |
452,392 |
15% |
Other operating expenses |
76,578 |
159,053 |
-52% |
Operating Profit before other income |
483,999 |
940,657 |
-49% |
Other income |
195,176 |
68,776 |
184% |
Operating Profit |
679,175 |
1,009,433 |
-33% |
Finance Cost |
137,274 |
130,030 |
6% |
Profit before Taxation |
541,901 |
879,403 |
-38% |
Taxation |
117,452 |
170,472 |
-31% |
PAT |
424,449 |
708,931 |
-40% |
EPS – basic and diluted |
35.29 |
58.94 |
-40% |
Company release on Earnings Report can be accessed here.