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HomeEquityEarnings Report: Agri Auto Industries Ltd. (PSX: AGIL) today reported Financial Results...

Earnings Report: Agri Auto Industries Ltd. (PSX: AGIL) today reported Financial Results for the Twelve months ended June 30, 2017

Agri Auto Industries Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Net Turnover for the period decreased by 1.75 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 21 percent.

The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 150% i.e. Rs 7.50/- per share. This is in addition to the interim dividend already paid at Rs. 2.50/- per share i.e. 50%. 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

Net Turnover

5,657,541

5,758,380

-1.75%

Cost of Sales

4,611,657

47,230,905

-90.24%

Gross Profit

1,045,884

1,034,475

1.10%

Dist: Cost

120,014

120,344

-0.27%

Admin: Expenses

190,385

161,827

17.65%

Operating Profit

735,485

752,304

-2.24%

Other Expenses

70,722

63,263

11.79%

Other Income

145,961

24,838

487.65%

Finance Cost

360

547

-34.19%

Profit before Taxation

810,364

713,332

13.60%

Taxation

223,727

228,868

-2.25%

PAT

586,637

484,464

21.09%

EPS – Basic & Diluted

20.37

16.82

21.11%

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-08-28T11:48:00+05:00
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