Baluchistan Wheels Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Turnover for the period increased by 4.22 percent in the outgoing year, whereas the Profit after Taxation for the Period decreased by 18 percent.
The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 40% i.e. Rs 4/- 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
Turnover
1,533,650
1,471,558
4.22%
Cost of Sales
1,234,745
1,098,211
12.43%
Gross Profit
298,905
373,347
-19.94%
Dist: Costs
49,401
37,980
30.07%
Admin: Expenses
86,344
82,285
4.93%
Other operating expenses
14,977
20,758
-27.85%
Finance Cost
1,378
827
66.63%
Other Income
25,404
21,505
18.13%
Profit before Taxation
172,209
253,002
-31.93%
Net Taxation
45,867
99,730
-54.01%
Profit After Taxation
126,342
153,272
-17.57%
EPS – Basic & Diluted
9.48
11.49
-17.49%
Company release on Earnings Report can be accessed here.