Suraj Cotton Mills Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Net Sales for the period increased by 8 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 19 percent.
The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 30% i.e. Rs 3.00/- per share. 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 |
|||
|
Net Sales |
8,313,438 |
7,712,885 |
7.79% |
|
Cost of Sales |
7,784,454 |
7,041,161 |
10.56% |
|
Gross Profit |
528,984 |
671,724 |
-21.25% |
|
Dist: Expenses |
125,660 |
134,646 |
-6.67% |
|
Admin: Expenses |
140,691 |
143,753 |
-2.13% |
|
Other Operating Expenses |
86,214 |
72,614 |
18.73% |
|
Other Income |
382,832 |
233,894 |
63.68% |
|
Operating Profit |
559,251 |
554,605 |
0.84% |
|
Finance Costs |
76,043 |
62,090 |
22.47% |
|
Profit before Taxation |
483,208 |
492,515 |
-1.89% |
|
Taxation |
22,598 |
67,297 |
-66.42% |
|
Profit for the Year |
505,806 |
425,218 |
18.95% |
|
EPS – Basic & Diluted |
17.45 |
14.67 |
18.95% |
Company release on Earnings Report can be accessed here.
