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Earnings Report: GOC (Pak) Ltd. (PSX: GOC) today reported Financial Results for the Twelve months ended June 30, 2017

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GOC (Pak) Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Sales for the period decreased by 92 percent in the outgoing year, whereas the Profit after Taxation for the Period also decreased by 69 percent.

The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 6.50% i.e. Rs 0.65/- 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

Sales

21,442,066

264,790,743

-91.90%

Cost of Sales

150,304,237

177,479,950

-15.31%

Gross Profit

64,137,829

87,310,793

-26.54%

Dist: Cost

10,569,861

12,601,079

-16.12%

Admin: Expenses

38,892,183

29,725,699

30.84%

Other Operating Expenses

1,217,053

4,106,581

-70.36%

Other Income

1,258,279

1,602,961

-21.50%

Profit from Operations

14,717,011

42,480,395

-65.36%

Finance Cost

606,836

1,126,627

-46.14%

Share of Profit/(Loss) from Associated Co.

(158,219)

65,324

-342.21%

Profit before Taxation

13,951,956

41,419,092

-66.32%

Taxation

2,125,176

3,512,427

-39.50%

PAT

11,826,780

37,906,665

-68.80%

EPS – Basic & Diluted

1.61

5.16

-68.80%

Company release on Earnings Report can be accessed here.

Posted on: 2017-09-19T15:44:00+05:00