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
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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