RECORDER REPORT

KARACHI: Pakistan Cables Limited has posted Rs 264.280 million profit after tax for the year ended June 30, 2016 against Rs 189.297 million earned in previous year. The company’s earning per share increased to Rs 9.29 against Rs 6.65.

The Board of Directors of the company in its meeting held here on Tuesday recommended a final cash dividend to the year at Rs 4.5 per share i.e. 45 percent.

According to the financial results, the company’s net sales stood at Rs 6.849 billion in this year against Rs 6.956 billion in last year while the cost of sales reduced to Rs 5.766 million against Rs 6.087 million.

The company’s profit before tax increased to Rs 407.185 million this year against Rs 250.331 million earned in previous year.