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.
