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
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.
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