Earnings Report: Gul Ahmed Textile Mills (PSX: GATM) today reported Financial Results for year ended June 30, 2017
MG News | September 25, 2017 at 10:41 AM GMT+05:00
Gul Ahmed Textile Mills announced Financial Results for the period ended June 30, 2017.
The company’s for the period by percent in the outgoing year, whereas the Profit after Taxation for the Period by percent.
The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 10% i.e. Rs 1.00/- 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 | 39,904,322 | 32,274,556 | 23.64% |
| Cost of Sales | 32,858,482 | 24,968,291 | 31.60% |
| Gross Profit | 7,045,840 | 7,306,265 | -3.56% |
| Dist: Cost | 3,483,858 | 1,833,967 | 89.96% |
| Admin: Expenses | 2,304,764 | 137,554 | 1575.53% |
| Other Operating Expenses | 58,377 | 137,554 | -57.56% |
| Other Income | 487,338 | 152,538 | 219.49% |
| Operating Profit | 1,686,179 | 2,244,997 | -24.89% |
| Finance Cost | 877,417 | 910,488 | -3.63% |
| Profit before Taxation | 808,762 | 1,334,509 | -39.40% |
| Taxation | 9,660 | 193,079 | -95.00% |
| PAT | 818,422 | 1,141,430 | -28.30% |
| EPS - Basic & Diluted | 2.50 | 3.92 | -36.22% |
Company release on Earnings Report can be accessed here.
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