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DAWH - Annual Results: EPS 2.8 times

For the year ending December 2023, Dawood Hercules announced an annual EPS of Rs 21.5 that was significantly higher than its EPS of Rs 7.67 last year. This is on an unconsolidated profit and loss basis. DAWH did not announce any cash dividends with the annual results. The company has already paid a total of Rs 18 per share as interim dividends. The DAWH results announcement also contains a price-sensitive disclosure. An excerpt is below. But see the company's announcement for full disclosure to get a better picture.  "Due to the specific accounting treatment for IPPs, as mentioned above, the Net Assets of the thermal energy assets in the Consolidated Financial Statements of the Group are higher than their recoverable amounts. Accordingly, an of PKR 29,950 million (Owners' Share: PKR 5,314 million) accounting impact has been recognized in the consolidated financial statements for the ended year December 31, 2023. In the Standalone Financial Statements of the Company for the...