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

News Image

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

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

Name Price/Vol %Chg/NChg
KSE100 134,299.77
290.06M
0.39%
517.42
ALLSHR 84,018.16
764.12M
0.48%
402.35
KSE30 40,814.29
132.59M
0.33%
132.52
KMI30 192,589.16
116.24M
0.49%
948.28
KMIALLSHR 56,072.25
387.69M
0.32%
180.74
BKTi 36,971.75
19.46M
-0.05%
-16.94
OGTi 28,240.28
6.19M
0.21%
58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,140.00 119,450.00
115,635.00
4270.00
3.75%
BRENT CRUDE 70.63 70.71
68.55
1.99
2.90%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
1.14%
ROTTERDAM COAL MONTHLY 108.75 108.75
108.75
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.75 68.77
66.50
2.18
3.27%
SUGAR #11 WORLD 16.56 16.60
16.20
0.30
1.85%

Chart of the Day


Latest News
July 13, 2025 at 10:26 AM GMT+05:00

K-Electric dispels rumours of peak hour changes


July 11, 2025 at 10:56 PM GMT+05:00

Gold price in Pakistan rises Rs2,300 per tola


July 11, 2025 at 05:49 PM GMT+05:00

PKR gains 10 paisa per USD


July 11, 2025 at 05:41 PM GMT+05:00

PSX Closing Bell: Bulls Serenade The Bourse


July 11, 2025 at 05:06 PM GMT+05:00

UBL doubles profit to Rs65bn in 1HCY25



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg