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

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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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