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

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.

Posted on: 2017-08-03T14:42:00+05:00