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.