Siemens' net profit stands at Rs 1.103 billion

The net profit of Siemens (Pakistan) Engineering Company stood at Rs 1.103 billion in the year ended September 30, 2017 as compared to Rs 2.103 billion earned in the corresponding period in 2016. The company's earning per share decreased to Rs 133.79 in the period under review against Rs 255.12 in the same period a year back.
The board of directors of the company in its meeting held here recommended a final cash dividend for the year at Rs 75.00 per share ie 750 percent. According to the financial results sent to Pakistan Stock Exchange on Friday, the company's net sales and services increased to Rs 14.552 billion in this period against Rs 10.173 billion in the same period a year back. The cost of sales and services increased to Rs 12.118 billion against Rs 9.238 billion.