Earnings Report: Feroze 1888 Mills Ltd. (PSX: FML) today reported Financial Results for the Twelve months ended June 30, 2017

Feroze 1888 Mills Ltd. announced Financial Results for the period ended June 30, 2017.

The company reported an increase of 1.82% in Net Sales for the period ended June, 30 2017, whereas reported a 35% decline in Profit after Tax.

The company reported an Earnings per share of Rs. 6.61, down by 35% from same period last year.

The board has recommended a final Cash Dividend for the year ended June 30, 2017 @ of 17% amounting to Rs. 1.70/share. This is in addition to the interim dividend already paid at 10% of Rs. 1.00/-. 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 ‘000

Net Sales

20,023,227

19,664,897

1.82%

Cost of Sales

15,985,135

14,101,297

13.36%

Gross Profit

4,038,092

5,563,600

-27.42%

Expenses

1,516,361

1,449,890

4.58%

Operating Profit

2,521,731

4,113,710

-38.70%

Finance Cost

72,031

81,659

-11.79%

Profit before Taxation

2,449,700

4,032,051

-39.24%

Taxation

39,977

221,968

-81.99%

Profit after Taxation

2,489,677

3,810,083

-34.66%

EPS – Basic & diluted

6.61

10.11

-34.62%

Company release on Earnings Report can be accessed here.

Posted on: 2017-09-27T09:56:00+05:00