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

Unconsolidated Profit and Loss Account - For the Six Months Ended

Key Financials

Jan - June, 2017

Jan - Jun, 2016

% Change

Amounts in PKR ‘000

Gross Sales

1,157,423,312

1,226,371,559

-5.62%

Less: Sales Tax

150,725,082

167,925,042

-10.24%

Net Sales

1,006,698,230

1,058,446,517

-4.89%

CoGS

781,724,935

868,715,938

-10.01%

Gross Profit

224,973,295

189,730,579

18.58%

Operating Expenses

101,319,279

76,112,671

33.12%

Operating Profit

123,654,016

113,617,908

8.83%

Financial and other charges

59,033,540

78,291,633

-24.60%

Other income/Expenses

3,026,930

2,324,276

30.23%

Profit/(loss) before tax

67,647,406

37,650,551

79.67%

Taxation

38,527,912

10,428,092

269.46%

Profit/(loss) after tax

29,119,494

27,222,459

6.97%

EPS

0.83

0.78

6.41%