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.