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.
