Earnings Report: Bolan Castings Ltd. (PSX: BCL) today reported Financial Results for the year ended June 30, 2017

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.

Posted on: 2017-09-06T16:27:00+05:00