Mitchell’s Fruit Farms Limited announced its Financial Results for the Nine Months Period ended June 30, 2017.
The company’s Net Sales increased by 8 percent in the outgoing year, whereas Profit for the period declined 65 percent in comparison to previous year.
The Company issued no Cash Dividend, Bonus Shares or Right Shares for the period.
Comparison of Key Financials:
For the Nine Month |
|||
Key Financials |
June30, 2017 |
June30, 2016 |
% Change |
Gross Sales |
1,510,920,334 |
1,386,257,947 |
9% |
Sales – Net |
1,435,846,897 |
1,326,888,861 |
8% |
Cost of Sales |
1,091,334,934 |
1,001,285,346 |
9% |
Gross Profit |
344,511,963 |
325,603,515 |
6% |
Administration Expenses |
85,835,365 |
75,079,538 |
14% |
Distribution and Marketing Expenses |
222,353,643 |
199,086,254 |
12% |
Other Operating Expenses |
1,650,773 |
3,292,326 |
-50% |
Other Operating Income |
6,534,819 |
13,311,253 |
-51% |
Profit from Operations |
41,207,000 |
61,456,650 |
-33% |
Finance Cost |
30,279,653 |
33,571,124 |
-10% |
Profit before Tax |
10,927,347 |
27,885,526 |
-61% |
Taxation |
6,037,359 |
13,875,993 |
-56% |
Profit for the Period |
4,889,988 |
14,009,533 |
-65% |
Earnings per Share – Basic and diluted |
0.62 |
1.78 |
-65% |
The complete statements can be accessed here.