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

MG News | September 19, 2017 at 12:30 PM GMT+05:00

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1^st 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.

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