Gadoon Textile Mills announced Financial Results for the period ended June 30, 2017.
The company’s Net Sales for the period increased by 9 percent in the outgoing quarter, whereas the Profit after Taxation for the Period increased by 195 percent.
The board has recommended a cash dividend of Rs. 5/- per share i.e. 50%, no bonus shares or right shares for the period.
Comparison of Key Financials
|
Financial Results – For the year ended [July 1, 2016 – June 30, 2016] |
|||
|
Key Financials |
June, 30 2017 |
June 30, 2016 |
% Change |
|
Sales-net |
23,248,578 |
21,269,477 |
9% |
|
Cost of Sales |
21,910,916 |
20,543,285 |
7% |
|
Gross Profit |
1,337,662 |
726,192 |
84% |
|
Distribution Cost |
273,299 |
299,410 |
-9% |
|
Administrative Expenses |
193,915 |
215,697 |
-10% |
|
Finance Cost |
342,601 |
449,176 |
-24% |
|
Other Operating Expenses |
89,300 |
77,212 |
16% |
|
Other Operating Income |
262,293 |
40,355 |
550% |
|
Share of profit from associates – net of tax |
384,098 |
182,784 |
110% |
|
Profit/(Loss) before taxation |
1,084,938 |
92,164 |
1077% |
|
Taxation |
277,952 |
181,681 |
53% |
|
Net Profit/(Loss) after Tax |
806,986 |
273,845 |
195% |
|
Basic and diluted earnings per share – before tax (Rupees) |
38.71 |
3.29 |
1077% |
|
after tax (Rupees) |
28.79 |
9.77 |
195% |
Amounts in PKR ‘000
The complete statements can be accessed here.
