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HomeEquityHum Network Ltd. profit rises 89% to Rs. 1.01 Billion

Hum Network Ltd. profit rises 89% to Rs. 1.01 Billion

  • Hum Network’s Revenue for the period increased by 17.77% to reach 4.6 billion up from previous year’s 3.9 billion
  • Company Administration and Other Expenses increased by 28% and 86% respectively
  • Network’s Profit after Tax surged by 89% during the reported a period clocking in at 1.01 billion PKR during 2017
  • Earnings per share for the period totaled at 1.07
  • The company declared a final cash dividend of Rs. 0.10/- per share at 10% recommendation by Board of Directors

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Year Ended

Key Financials

2017

2016

% Change

Revenue

4,643,648,317

3,942,824,460

17.77%

Cost of Production

2,623,109,624

2,313,660,029

13.37%

Transmission Cost

86,925,178

86,465,867

0.53%

Gross Profit

1,933,613,515

1,542,698,564

25.34%

Distribution Costs

320,116,149

404,273,284

-20.82%

Administrative Expenses

557,985,145

435,579,401

28.10%

Other Income

84,713,877

123,264,396

-31.27%

Finance Costs

20,950,770

40,020,307

-47.65%

Other Expenses

23,872,392

12,852,677

85.74%

Profit before Taxation

1,095,402,936

773,237,291

41.66%

Taxation

80,019,958

236,301,365

-66.14%

Profit after Taxation

1,015,382,978

536,935,926

89.11%

Earnings per Share – Basic & diluted

1.07

0.79

35.44%

Company release on Earnings Report can be accessed here.

Posted on: 2017-10-05T10:25:00+05:00
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