Earnings Report: Bolan Castings Ltd. (PSX: BCL) today reported Financial Results for the year ended June 30, 2017
MG News | September 06, 2017 at 04:27 PM GMT+05:00
Bolan Castings Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Sales for the period increased by 30.79 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by mammoth number of 278 percent.
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 | |||
| Sales | 1,744,098,049 | 1,333,475,781 | 30.79% |
| Cost of Sales | 1,497,470,471 | 1,192,599,912 | 25.56% |
| Gross Profit | 246,627,578 | 140,875,869 | 75.07% |
| Dist: Cost | 47,146,208 | 34,256,017 | 37.63% |
| Admin: Expenses | 46,574,959 | 41,363,311 | 12.60% |
| Other expenses | 10,723,718 | 3,059,715 | 250.48% |
| Other income | 10,239,163 | 10,360,426 | -1.17% |
| Profit from Operations | 152,421,856 | 72,557,252 | 110.07% |
| Finance Cost | 10,995,628 | 33,137,723 | -66.82% |
| Profit before Taxation | 141,426,228 | 39,419,529 | 258.77% |
| Taxation | 43,650,243 | 13,549,726 | 222.15% |
| PAT | 97,775,985 | 25,869,803 | 277.95% |
| EPS - Basic & Diluted | 8.52 | 2.25 | 278.67% |
Company release on Earnings Report can be accessed here.
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