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

MG News | September 11, 2017 at 04:06 PM GMT+05:00

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GoodLuck Industries Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Sales for the period decreased by 9.71 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 136 percent.

The board has recommended a Cash Dividend for the year ended June 30, 2017 at the rate of 33.60% i.e. Rs 3.36/- 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
Sales	786,490,279	871,085,337	-9.71%
Cost of Sales	773,331,805	856,285,427	-9.69%
Gross Profit	13,158,474	14,799,910	-11.09%
Admin: Expenses	10,196,929	10,226,204	-0.29%
Selling Expenses	120,273	83,029	44.86%
Other operating expenses	290,663	419,250	-30.67%
Operating Profit	2,550,609	4,071,427	-37.35%
Financial Charges	3,554	14,951	-76.23%
Profit before Taxation	2,547,055	4,056,476	-37.21%
Taxation	31,733	2,993,837	-98.94%
PAT	2,515,323	1,062,638	136.71%
EPS - Basic	8.38	3.54	136.72%

Company release on Earnings Report can be accessed here.

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