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

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

Weekly Market Roundup

Ashfaq Textile cuts production by 85 looms

Liven Pharma signs toll manufacturing agreement with Wimits

Name	Price/Vol	%Chg/NChg
KSE100	169,864.53 309.70M	0.77% 1289.83
ALLSHR	102,725.13 871.92M	0.54% 553.85
KSE30	51,670.42 144.06M	0.97% 495.07
KMI30	244,230.82 127.19M	0.88% 2126.86
KMIALLSHR	67,141.83 400.81M	0.66% 438.06
BKTi	45,511.25 34.21M	0.74% 335.27
OGTi	33,787.05 15.45M	0.86% 288.90

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	90,330.00	0.00 0.00	-110.00 -0.12%
BRENT CRUDE	61.22	61.86 60.81	-0.06 -0.10%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	1.00 1.11%
ROTTERDAM COAL MONTHLY	97.30	97.30 97.30	0.90 0.93%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	57.53	0.00 0.00	0.09 0.16%
SUGAR #11 WORLD	15.10	15.27 14.83	0.25 1.68%