Siemens (Pakistan) Engineering Company has posted Rs 2,103.952 million as profit after tax in the year ended September 30, 2016 as compared to after tax loss of Rs 528.234 million in the corresponding period in previous year. The company's earning per share (basic and diluted) stood at Rs 255.12 in the period under review against per share loss of Rs 64.05 in the same period previous year.
The board of directors of the company, in its meeting held in Dubai on December 13, 2016, recommended a final cash dividend for the year at Rs 120.00 per share ie 1200 percent. According to the financial results, the company's net sales increased to Rs 10.173 billion against Rs 9.266 billion while the cost of sales surged to Rs 9.238 billion against Rs 8.773 billion.
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