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

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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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