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.