August 21, 2019 (MLN): International Industries Limited’s profits for the year ended June 30, 2019 amounted to Rs. 3.2 billion (EPS: Rs. 18.26), i.e. nearly 37% less than the figures recorded in last year.
The company suffered mainly at the hands of cost of sales, which increased by 18% during the year.
However, the company gained some respite via increase in non-core income by 82%.
A final Cash Dividend was also announced at Rs.3 per share i.e. 30%. This is in addition to Interim Dividend already paid at Rs. 2.5 per share i.e. 25%.
Profit and loss account for the year ended June 30, 2019 (Rupees'000) |
|||
---|---|---|---|
|
June, 2019 |
June, 2018 |
% Change |
Net sales |
75,387,444 |
67,002,967 |
12.51% |
Cost of sales |
-66,300,102 |
-56,182,828 |
18.01% |
Gross profit |
9,087,342 |
10,820,139 |
-16.01% |
Selling and distribution expenses |
-1,628,463 |
-1,601,936 |
1.66% |
Administrative expenses |
-605,104 |
-596,574 |
1.43% |
Impairment (loss)/ reversal on trade debts |
-5,618 |
10,930 |
|
Finance cost |
-2,213,650 |
-980,924 |
125.67% |
Other operating charges |
-632,165 |
-834,132 |
-24.21% |
Other income |
617,688 |
337,952 |
82.77% |
Share of profit in equity accounted investee |
49,906 |
41,931 |
19.02% |
Profit before taxation |
4,669,936 |
7,197,386 |
-35.12% |
Taxation |
-1,381,044 |
-1,928,980 |
-28.41% |
Profit after taxation for the year |
3,288,892 |
5,268,406 |
-37.57% |
Earnings per share – basic and diluted |
18.26 |
28.75 |
-36.49% |
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