Kohinoor Textile Mills announced Financial Results for the period ended June 30, 2017.
The company’s Revenue for the period increased by 8.18 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 10.30 percent.
The board has recommended an interim Cash Dividend for the year ended June 30, 2017 at the rate of 15% i.e. Rs 1.50/- per share. This is in addition to the interim dividend already paid at Rs. 2/- per share i.e. 20%. 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 |
|||
|
Revenue |
17,404,708 |
16,088,302 |
8.18% |
|
Cost of Sales |
14,823,393 |
13,048,866 |
13.60% |
|
Gross Profit |
2,581,315 |
3,039,436 |
-15.07% |
|
Dist: Cost |
538,294 |
574,226 |
-6.26% |
|
Admin: Expenses |
460,681 |
401,099 |
14.85% |
|
Other Expenses |
137,681 |
166,105 |
-17.11% |
|
Other Income |
1,725,445 |
1,067,529 |
61.63% |
|
Profit from Operations |
3,170,104 |
2,965,535 |
6.90% |
|
Finance Cost |
267,593 |
337,357 |
-20.68% |
|
Profit before Taxation |
2,902,511 |
2,628,178 |
10.44% |
|
Taxation |
550,732 |
495,963 |
11.04% |
|
PAT |
2,351,779 |
2,132,215 |
10.30% |
|
EPS – Basic & Diluted |
8.33 |
7.55 |
10.33% |
Company release on Earnings Report can be accessed here.
