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

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.

Posted on: 2017-09-20T13:58:00+05:00