Earnings Report: Indus Motor Co. (PSX: INDU) today reported Financial Results for the Twelve months ended June 30, 2017

MG News | August 24, 2017 at 12:39 PM GMT+05:00

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Indus Motor Co. announced Financial Results for the period ended June 30, 2017.

The company’s Net Sales for the period increased by 3 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 13 percent.

The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 350% i.e. Rs 35/- per share. This is in addition to the combined interim cash dividend already paid at Rs. 80/- per share i.e. 800% (First Interim Cash Dividend of 250%, Second Interim Cash Dividend of 250% & Third Interim Cash Dividend of 300%). The board issued no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Twelve Months
Key Financials	2017	2016	% Change
	Amounts in PKR ‘000
Net Sales	112,271,656	108,758,668	3%
Cost of Sales	92,449,955	91,027,369	2%
Gross Profit	19,821,701	17,731,299	12%
Dist: Expenses	1,227,647	1,060,691	16%
Admin: Expenses	1,053,340	930,800	13%
Other Operating Expenses	176,918	143,840	23%
Other Income	3,593,425	3,164,440	14%
Finance Cost	397,998	77,271	415%
Profit Before Taxation	19,140,767	17,397,446	10%
Taxation	6,139,502	5,942,506	3%
Profit after Taxation	13,001,265	11,454,940	13%
EPS	165.41	145.74	13%

Company release on Earnings Report can be accessed here.

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