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HomeEconomyEarnings Report: Island Textile Mills Ltd. (PSX: ILTM) today reported Financial Results...

Earnings Report: Island Textile Mills Ltd. (PSX: ILTM) today reported Financial Results for the Twelve months ended June 30, 2017

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.

Posted on: 2017-09-14T15:28:00+05:00
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