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HomeUncategorizedEarnings Report: Mughal Iron & Steels Industries Ltd. (PSX: MUGHAL) today reported...

Earnings Report: Mughal Iron & Steels Industries Ltd. (PSX: MUGHAL) today reported Financial Results for the Twelve months ended June 30, 2017

Mughal Iron & Steels Industries Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Net Sales for the period decreased by 0.95 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 11 percent.

The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 6% i.e. Rs 0.60/- per share. This is in addition to the interim dividend already paid at Rs. 2.00/- 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

Net Sales

18,802,810,936

18,983,478,792

-0.95%

Cost of Sales

16,860,980,034

16,924,658,440

-0.38%

Gross Profit

1,941,830,902

2,058,820,352

-5.68%

Distribution & Marketing Costs

164,048,993

94,723,432

73.19%

Admin: Expenses

241,458,943

207,515,370

16.36%

Other Charges

91,450,821

86,658,009

5.53%

Other Income

33,976,939

47,357,135

-28.25%

Finance Cost

256,551,296

425,032,882

-39.64%

Profit before Taxation

1,222,297,788

1,292,247,794

-5.41%

Taxation

231,537,873

398,836,214

-41.95%

PAT

990,759,915

893,411,580

10.90%

EPS – Basic & Diluted

7.69

7.10

8.31%

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-09-18T13:11:00+05:00
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