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

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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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