Indus Motor Co. announced Financial Results for the period ended June 30, 2017.
The company’s Net Sales for the period increased by 3 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 13 percent.
The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 350% i.e. Rs 35/- per share. This is in addition to the combined interim cash dividend already paid at Rs. 80/- per share i.e. 800% (First Interim Cash Dividend of 250%, Second Interim Cash Dividend of 250% & Third Interim Cash Dividend of 300%). The board issued no bonus or right shares.
Comparison of Key Financials
|
Unconsolidated Profit and Loss Account – For the Twelve Months |
|||
|
Key Financials |
2017 |
2016 |
% Change |
|
Amounts in PKR ‘000 |
|||
|
Net Sales |
112,271,656 |
108,758,668 |
3% |
|
Cost of Sales |
92,449,955 |
91,027,369 |
2% |
|
Gross Profit |
19,821,701 |
17,731,299 |
12% |
|
Dist: Expenses |
1,227,647 |
1,060,691 |
16% |
|
Admin: Expenses |
1,053,340 |
930,800 |
13% |
|
Other Operating Expenses |
176,918 |
143,840 |
23% |
|
Other Income |
3,593,425 |
3,164,440 |
14% |
|
Finance Cost |
397,998 |
77,271 |
415% |
|
Profit Before Taxation |
19,140,767 |
17,397,446 |
10% |
|
Taxation |
6,139,502 |
5,942,506 |
3% |
|
Profit after Taxation |
13,001,265 |
11,454,940 |
13% |
|
EPS |
165.41 |
145.74 |
13% |
Company release on Earnings Report can be accessed here.
