1st Imrooz Modaraba announced Financial Results for the period ended June 30, 2017.
The company’s Sales for the period decreased by 11.31percent in the outgoing year, whereas the Profit after Taxation for the Period also decreased by 20.75 percent.
The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 100% i.e. Rs 10.00/- per share. The board issued no bonus or right shares.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Year Ended |
|||
Key Financials |
2017 |
2016 |
% Change |
Amounts in PKR ‘000 |
|||
Sales |
734,216 |
827,864 |
-11.31% |
Cost of Sales |
615,605 |
699,196 |
-11.96% |
Gross Profit |
118,611 |
128,668 |
-7.82% |
Operating Expenses |
54,444 |
46,822 |
16.28% |
Operating Profit |
64,167 |
81,846 |
-21.60% |
Other Income |
3,210 |
1,102 |
191.29% |
Profit before Taxation |
65,031 |
80,885 |
-19.60% |
Taxation |
31,732 |
38,868 |
-18.36% |
PAT |
33,299 |
42,017 |
-20.75% |
Profit after Appropriation |
31,634 |
35,443 |
-10.75% |
Earnings per Certificate – Basic & diluted |
11.10 |
14.01 |
-20.77% |
Company release on Earnings Report can be accessed here.