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

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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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