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

MG News | August 17, 2017 at 03:11 PM GMT+05:00

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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.

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