The profit after tax of Shezan International Limited stood at Rs 194.286 million in the year ended June 30, 2016 (FY16) as compared to Rs 294.978 million earned in the same period in FY15. The company's earning per share reduced to Rs 24.33 in the period under review against Rs 36.94 in the same period in FY15.
The board of directors of the company in its meeting held here on Wednesday recommended a final cash dividend for the year at Rs 9.00 per share ie 90 percent. According to the financial results, the company's net sale slightly reduced to Rs 6.816 billion in FY16 against Rs 6.817 billion in FY15, while cost of sales increased to Rs 4.931 billion against Rs 4.877 billion. The company's profit before taxation declined to Rs 203.476 million in FY16 against Rs 314.310 million earned in FY15.
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