Earnings Report: 1st Imrooz Modaraba (PSX: FIMM) today reported Financial Results for the Twelve months ended June 30, 2017

1st Imrooz Modaraba announced Financial Results for the period ended June 30, 2017.

The company’s Sales for the period decreased by 11.31percent in the outgoing year, whereas the Profit after Taxation for the Period also decreased by 20.75 percent.

The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 100% i.e. Rs 10.00/- per share. The board issued no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Year Ended

Key Financials

2017

2016

% Change

 

Amounts in PKR ‘000

Sales

734,216

827,864

-11.31%

Cost of Sales

615,605

699,196

-11.96%

Gross Profit

118,611

128,668

-7.82%

Operating Expenses

54,444

46,822

16.28%

Operating Profit

64,167

81,846

-21.60%

Other Income

3,210

1,102

191.29%

Profit before Taxation

65,031

80,885

-19.60%

Taxation

31,732

38,868

-18.36%

PAT

33,299

42,017

-20.75%

Profit after Appropriation

31,634

35,443

-10.75%

Earnings per Certificate – Basic & diluted

11.10

14.01

-20.77%

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-09-19T12:30:00+05:00