Earnings Report: Baluchistan Wheels Ltd. (PSX: BWHL) today reported Financial Results for the Twelve months ended June 30, 2017

MG News | September 19, 2017 at 03:12 PM GMT+05:00

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Baluchistan Wheels Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Turnover for the period increased by 4.22 percent in the outgoing year, whereas the Profit after Taxation for the Period decreased by 18 percent.

The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 40% i.e. Rs 4/- 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
Turnover	1,533,650	1,471,558	4.22%
Cost of Sales	1,234,745	1,098,211	12.43%
Gross Profit	298,905	373,347	-19.94%
Dist: Costs	49,401	37,980	30.07%
Admin: Expenses	86,344	82,285	4.93%
Other operating expenses	14,977	20,758	-27.85%
Finance Cost	1,378	827	66.63%
Other Income	25,404	21,505	18.13%
Profit before Taxation	172,209	253,002	-31.93%
Net Taxation	45,867	99,730	-54.01%
Profit After Taxation	126,342	153,272	-17.57%
EPS - Basic & Diluted	9.48	11.49	-17.49%

Company release on Earnings Report can be accessed here.

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