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
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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