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

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Tata Textile Mills Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Net Sales for the period increased by 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

5,014,434,040

4,906,547,408

2.20%

Cost of Goods Sold

4,673,997,854

4,678,633,526

-0.10%

Gross Profit

340,436,186

227,913,882

49.37%

Dist: Cost

86,156,501

129,698,805

-33.57%

Admin Expenses

124,327,427

139,657,268

-10.98%

Other operating expenses

9,733,067

16,988,302

-42.71%

Finance Cost

101,390,535

107,721,514

-5.88%

Other Income

64,869,748

5,786,560

1021.04%

Profit/Loss before Taxation

83,698,404

(160,365,447)

 

Taxation

41,329,606

34,051,524

21.37%

Profit/Loss after Taxation

42,368,798

(194,416,971)

 

EPS – Basic & diluted

2.45

(11.22)

 

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-09-14T15:50:00+05:00

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