Ghandhara Nissan Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Revenue for the period decreased by 2.94 percent in the outgoing year, whereas the Profit after Taxation for the Period decreased by 25 percent.
The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 50% i.e. Rs 5/- 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 |
|||
Revenue |
4,858,178 |
5,005,148 |
-2.94% |
Cost of Sales |
3,927,183 |
3,912,148 |
0.38% |
Gross Profit |
930,995 |
1,092,201 |
-14.76% |
Dist: Cost |
39,842 |
55,528 |
-28.25% |
Admin: Expenses |
201,836 |
204,369 |
-1.24% |
Other Income |
114,320 |
80,351 |
42.28% |
Other Expenses |
54,889 |
61,701 |
-11.04% |
Profit from Operations |
748,748 |
850,954 |
-12.01% |
Finance Cost |
8,139 |
18,443 |
-55.87% |
Profit before Taxation |
740,609 |
832,511 |
-11.04% |
Taxation |
330,649 |
286,248 |
15.51% |
PAT |
409,960 |
546,263 |
-24.95% |
Total Compre: Income for the Year |
398,271 |
543,988 |
-26.79% |
EPS – Basic & Diluted |
9.11 |
12.14 |
-24.96% |
Company release on Earnings Report can be accessed here.