Corporate Alert: International Industries Ltd. declares a dividend of Rs. 2.0/- per share, reports an EPS of 15.37/- for the period ended June 30, 2017

International Industries Ltd. announced Financial Results for the ended June 30, 2017.

The company’s Net Sales for the period increased by 12.73 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 117 percent.

The company recommended the payment of 20% final cash dividend i.e. Rs 2.0 per share in addition to an interim dividend of 25% and 45% already paid making a total of 90% i.e. Rs. 9/0 per share for the year ended June 30,2017. The board issued no bonus or right shares.

Comparison of Key Financials:

Unconsolidated Profit and Loss Account – For the Six Months Ended

Key Financials

Jan – June, 2017

Jan – Jun, 2016

% Change

Net Sales

16,706,963

14,820,526

12.73%

Cost of sales

13,866,593

12,351,461

12%

Gross Profit

2,840,370

2,469,065

15%

Selling and dist. Expenses

873,269

782,970

12%

Admin Expenses

296,562

286,905

3%

Financial Charges

224,124

334,483

-33%

Other operating charges

179,739

115,971

55%

Other income

1,126,735

155,280

626%

Share of profit in equity accounted

 

investee-net of tax

 

Profit before taxation

2,393,411

1,104,016

117%

Taxation

551,000

318,000

73%

PAT

1,842,411

786,016

134%

PAT attributable to:

 

Owners of the holding company

 

Non-controlling interest

 

EPS – basic and diluted

15.37

6.56

134%

Amounts in PKR ‘000

The complete statements can be accessed here.

Posted on: 2017-08-17T15:11:00+05:00