Corporate Alert: Gadoon Textile Mills declares a DPS of Rs. 5/- per share, reports an EPS of 28.79 for the year ended June 30, 2017

MG News | August 03, 2017 at 02:42 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

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)	38.71	3.29	1077%
after tax (Rupees)	28.79	9.77	195%

Amounts in PKR ‘000

The complete statements can be accessed here.

Related News

Treet Battery approves Rs2bn debt-to-equity conversion

Biafo Industries’ FY26 profit stays flat at Rs389m

Tariq Glass profit falls 16% to Rs4bn in FY26

Name	Price/Vol	%Chg/NChg
KSE100	170,498.95 314.82M	-1.01% -1733.57
ALLSHR	103,103.10 757.94M	-1.08% -1128.70
KSE30	50,739.70 126.19M	-1.06% -544.11
KMI30	244,205.17 97.93M	-1.06% -2620.36
KMIALLSHR	66,873.02 444.70M	-1.20% -810.61
BKTi	47,132.90 22.64M	-0.97% -463.02
OGTi	34,962.57 7.69M	-1.18% -418.33

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	83,455.00	84,635.00 82,850.00	-1040.00 -1.23%
BRENT CRUDE	105.18	106.50 101.83	2.10 2.04%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	6.75 5.48%
ROTTERDAM COAL MONTHLY	137.10	0.00 0.00	-0.15 -0.11%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	93.80	94.69 91.23	1.64 1.78%
SUGAR #11 WORLD	18.82	19.07 18.71	0.02 0.11%