DOL: FY16 diluted EPS reported at PKR0.21; DPS, Nil - By AHCML Research

<p><span style="font-family:Arial, Helvetica, sans-serif;color:#000000;font-size:medium;">Descon Oxychem Ltd. (DOL) has announced its FY16 financial result recently. DOL has declared a profit after tax (PAT) of PKR45mn (EPS: PKR0.21) during FY16 against a Loss After Tax (LAT) of PKR119mn (LPS: PKR1.17) during FY15, up 138pc, YoY. In line with trends, DOL did not declare any cash dividend during FY16.</span></p><p><span style="font-family:Arial, Helvetica, sans-serif;color:#000000;font-size:medium;">During FY16, DOL reported a 12pc, YoY, surge in its top-line attributable to: (i) Improved product prices; (ii) Venturing into profitable new markets; (iii) Maintaining leadership position in textile market; (iv) Making inroads in food, beverage and disinfectant segments; and (v) Positive impact of decision by NTC to impose anti-dumping...