Earnings Report: Agri Auto Industries Ltd. (PSX: AGIL) today reported Financial Results for the Twelve months ended June 30, 2017

MG News | August 28, 2017 at 11:48 AM GMT+05:00

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Agri Auto Industries Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Net Turnover for the period decreased by 1.75 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 21 percent.

The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 150% i.e. Rs 7.50/- per share. This is in addition to the interim dividend already paid at Rs. 2.50/- per share i.e. 50%. 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
Net Turnover	5,657,541	5,758,380	-1.75%
Cost of Sales	4,611,657	47,230,905	-90.24%
Gross Profit	1,045,884	1,034,475	1.10%
Dist: Cost	120,014	120,344	-0.27%
Admin: Expenses	190,385	161,827	17.65%
Operating Profit	735,485	752,304	-2.24%
Other Expenses	70,722	63,263	11.79%
Other Income	145,961	24,838	487.65%
Finance Cost	360	547	-34.19%
Profit before Taxation	810,364	713,332	13.60%
Taxation	223,727	228,868	-2.25%
PAT	586,637	484,464	21.09%
EPS - Basic & Diluted	20.37	16.82	21.11%

Company release on Earnings Report can be accessed here.

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