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

MG News | September 19, 2017 at 03:44 PM GMT+05:00

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GOC (Pak) Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Sales for the period decreased by 92 percent in the outgoing year, whereas the Profit after Taxation for the Period also decreased by 69 percent.

The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 6.50% i.e. Rs 0.65/- 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	21,442,066	264,790,743	-91.90%
Cost of Sales	150,304,237	177,479,950	-15.31%
Gross Profit	64,137,829	87,310,793	-26.54%
Dist: Cost	10,569,861	12,601,079	-16.12%
Admin: Expenses	38,892,183	29,725,699	30.84%
Other Operating Expenses	1,217,053	4,106,581	-70.36%
Other Income	1,258,279	1,602,961	-21.50%
Profit from Operations	14,717,011	42,480,395	-65.36%
Finance Cost	606,836	1,126,627	-46.14%
Share of Profit/(Loss) from Associated Co.	(158,219)	65,324	-342.21%
Profit before Taxation	13,951,956	41,419,092	-66.32%
Taxation	2,125,176	3,512,427	-39.50%
PAT	11,826,780	37,906,665	-68.80%
EPS - Basic & Diluted	1.61	5.16	-68.80%

Company release on Earnings Report can be accessed here.

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