GoodLuck Industries Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Sales for the period decreased by 9.71 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 136 percent.
The board has recommended a Cash Dividend for the year ended June 30, 2017 at the rate of 33.60% i.e. Rs 3.36/- 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
Sales
786,490,279
871,085,337
-9.71%
Cost of Sales
773,331,805
856,285,427
-9.69%
Gross Profit
13,158,474
14,799,910
-11.09%
Admin: Expenses
10,196,929
10,226,204
-0.29%
Selling Expenses
120,273
83,029
44.86%
Other operating expenses
290,663
419,250
-30.67%
Operating Profit
2,550,609
4,071,427
-37.35%
Financial Charges
3,554
14,951
-76.23%
Profit before Taxation
2,547,055
4,056,476
-37.21%
Taxation
31,733
2,993,837
-98.94%
PAT
2,515,323
1,062,638
136.71%
EPS – Basic
8.38
3.54
136.72%
Company release on Earnings Report can be accessed here.