Earnings Report: Indus Motor Co. (PSX: INDU) today reported Financial Results for the Twelve months ended June 30, 2017
By MG News | August 24, 2017 at 12:39 PM GMT+05:00
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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