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.
