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.
