Gadoon Textile Mills announced Financial Results for the period ended June 30, 2017.
The company’s Net Sales for the period increased by 9 percent in the outgoing quarter, whereas the Profit after Taxation for the Period increased by 195 percent.
The board has recommended a cash dividend of Rs. 5/- per share i.e. 50%, no bonus shares or right shares for the period.
Comparison of Key Financials
Financial Results – For the year ended [July 1, 2016 – June 30, 2016]
Key Financials
June, 30 2017
June 30, 2016
% Change
Sales-net
23,248,578
21,269,477
9%
Cost of Sales
21,910,916
20,543,285
7%
Gross Profit
1,337,662
726,192
84%
Distribution Cost
273,299
299,410
-9%
Administrative Expenses
193,915
215,697
-10%
Finance Cost
342,601
449,176
-24%
Other Operating Expenses
89,300
77,212
16%
Other Operating Income
262,293
40,355
550%
Share of profit from associates – net of tax
384,098
182,784
110%
Profit/(Loss) before taxation
1,084,938
92,164
1077%
Taxation
277,952
181,681
53%
Net Profit/(Loss) after Tax
806,986
273,845
195%
Basic and diluted earnings per share – before tax (Rupees)
