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

By MG News | August 30, 2017 at 02:04 PM GMT+05:00

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EMCO Industries Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Net Sales for the period decreased by 5 percent in the outgoing year, whereas the Profit after Taxation for the Period increases by 7 percent.

The board did not recommend any interim Cash Dividend, no bonus or right shares.

Comparison of Key Financials

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%

Company release on Earnings Report can be accessed here.

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