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.
