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

MG News | September 20, 2017 at 01:58 PM GMT+05:00

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

The company’s Revenue for the period decreased by 2.94 percent in the outgoing year, whereas the Profit after Taxation for the Period decreased by 25 percent.

The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 50% i.e. Rs 5/- 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
Revenue	4,858,178	5,005,148	-2.94%
Cost of Sales	3,927,183	3,912,148	0.38%
Gross Profit	930,995	1,092,201	-14.76%
Dist: Cost	39,842	55,528	-28.25%
Admin: Expenses	201,836	204,369	-1.24%
Other Income	114,320	80,351	42.28%
Other Expenses	54,889	61,701	-11.04%
Profit from Operations	748,748	850,954	-12.01%
Finance Cost	8,139	18,443	-55.87%
Profit before Taxation	740,609	832,511	-11.04%
Taxation	330,649	286,248	15.51%
PAT	409,960	546,263	-24.95%
Total Compre: Income for the Year	398,271	543,988	-26.79%
EPS - Basic & Diluted	9.11	12.14	-24.96%

Company release on Earnings Report can be accessed here.

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