Earnings Report: Ghandhara Industries Ltd. (PSX: GHNI) today reported Financial Results for the Year ended June 30, 2017

MG News | September 20, 2017 at 03:48 PM GMT+05:00

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

The company’s Sales for the period increased by 84.37 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 6.72 percent.

The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 150% i.e. Rs. 15/- per share. 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
Sales	10,740,631	5,825,579	84.37%
Cost of Sales	8,537,668	4,278,941	99.53%
Gross Profit	2,202,963	1,546,638	42.44%
Dist: Cost	359,159	220,946	62.56%
Admin: Expenses	150,595	110,568	36.20%
Other Expenses	244,074	34,598	605.46%
Other Income	22,127	30,652	-27.81%
Profit from Operations	1,471,262	1,211,178	21.47%
Finance Cost	224,637	113,073	98.67%
Profit before Taxation	1,246,625	1,098,105	13.53%
Taxation	450,612	352,244	27.93%
PAT	796,013	745,861	6.72%
Total Compre: Income	794,659	745,507	6.59%
EPS - Basic & Diluted	37.36	35.01	6.71%

Company release on Earnings Report can be accessed here.

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