Island Textile Mills Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Net Sales for the period increased by 34.38 percent in the outgoing year, whereas the company reported profits after suffering losses last year.
The board did not recommend any Cash Dividend, 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
Net Sales
5,708,275,730
4,247,958,097
34.38%
Cost of Goods Sold
5,257,073,451
4,083,483,452
28.74%
Gross Profit
451,202,279
164,474,645
174.33%
Dist: Cost
108,239,297
103,260,586
4.82%
Admin Expenses
59,190,788
61,023,688
-3.00%
Other operating expenses
10,373,023
34,709,756
-70.11%
Finance Cost
305,475,042
305,712,035
-0.08%
Other Income
50,256,948
2,654,085
1793.57%
Profit/Loss before Taxation
37,741,486
(384,568,192)
Taxation
12,515,462
166,578,040
-92.49%
Profit/Loss after Taxation
12,515,462
(217,990,152)
EPS – Basic & diluted
25.03
(435.98)
Company release on Earnings Report can be accessed here.