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

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.

Posted on: 2017-08-24T12:39:00+05:00