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

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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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