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
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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