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

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.

Posted on: 2017-09-19T15:12:00+05:00