Feroze 1888 Mills Ltd. announced Financial Results for the period ended June 30, 2017.
The company reported an increase of 1.82% in Net Sales for the period ended June, 30 2017, whereas reported a 35% decline in Profit after Tax.
The company reported an Earnings per share of Rs. 6.61, down by 35% from same period last year.
The board has recommended a final Cash Dividend for the year ended June 30, 2017 @ of 17% amounting to Rs. 1.70/share. This is in addition to the interim dividend already paid at 10% of Rs. 1.00/-. 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 Sales |
20,023,227 |
19,664,897 |
1.82% |
|
Cost of Sales |
15,985,135 |
14,101,297 |
13.36% |
|
Gross Profit |
4,038,092 |
5,563,600 |
-27.42% |
|
Expenses |
1,516,361 |
1,449,890 |
4.58% |
|
Operating Profit |
2,521,731 |
4,113,710 |
-38.70% |
|
Finance Cost |
72,031 |
81,659 |
-11.79% |
|
Profit before Taxation |
2,449,700 |
4,032,051 |
-39.24% |
|
Taxation |
39,977 |
221,968 |
-81.99% |
|
Profit after Taxation |
2,489,677 |
3,810,083 |
-34.66% |
|
EPS – Basic & diluted |
6.61 |
10.11 |
-34.62% |
Company release on Earnings Report can be accessed here.
