The Annual Result of Loads Limited were declared on 28th October, 2016 with an impressive payout. The company’s unconsolidated EPS remained at 1.32 as compared to 1.99, which shows a decrease of 33%. Furthermore, the consolidated earnings also showed a slight decrease of 14% as compared to FY15. The consolidated EPS stood at Rs. 2.41.
With the annual result of FY16, the company has announced 10% cash dividend (Rupee 1 per share) and 10% Bonus (10 shares for 100 shares held) to those whose names will appear in register of members on 23rd November, 2016.
As per financial statement of 1Q FY17, the company has earned an EPS of 0.84 (consolidated) and 0.55 (unconsolidated) which is approx. 29% and 100% higher than the same period last year.
KPMG Taseer Hadi & Company, the auditors of Loads Limited, also notified the free reserves of Loads which stands at 534 million after the proposed declaration of bonus shares @ 10%. The capital of the company which was early standing at 1.25 Billion has now increased to 1.375 billion. The certificate shows that the free reserves of the company are Rs. 534 Million which are about 39% of the capital after bonus shares. As per SECP free reserves should be more than 15% of the capital after bonus shares declaration.
The company had successful Initial Public Offer and Book Building last month. The shares of the company ere oversubscribed. The shares have already been credited into CDC accounts and physical shares are dispatched tot relevant branches of banks.