Earnings Report: Gul Ahmed Textile Mills (PSX: GATM) today reported Financial Results for year ended June 30, 2017

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.

Posted on: 2017-09-25T10:41:00+05:00