GOC (Pak) Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Sales for the period decreased by 92 percent in the outgoing year, whereas the Profit after Taxation for the Period also decreased by 69 percent.
The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 6.50% i.e. Rs 0.65/- 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
Sales
21,442,066
264,790,743
-91.90%
Cost of Sales
150,304,237
177,479,950
-15.31%
Gross Profit
64,137,829
87,310,793
-26.54%
Dist: Cost
10,569,861
12,601,079
-16.12%
Admin: Expenses
38,892,183
29,725,699
30.84%
Other Operating Expenses
1,217,053
4,106,581
-70.36%
Other Income
1,258,279
1,602,961
-21.50%
Profit from Operations
14,717,011
42,480,395
-65.36%
Finance Cost
606,836
1,126,627
-46.14%
Share of Profit/(Loss) from Associated Co.
(158,219)
65,324
-342.21%
Profit before Taxation
13,951,956
41,419,092
-66.32%
Taxation
2,125,176
3,512,427
-39.50%
PAT
11,826,780
37,906,665
-68.80%
EPS – Basic & Diluted
1.61
5.16
-68.80%
Company release on Earnings Report can be accessed here.