Earnings Report: Island Textile Mills Ltd. (PSX: ILTM) today reported Financial Results for the Twelve months ended June 30, 2017
MG News | September 14, 2017 at 03:28 PM GMT+05:00
Island Textile Mills Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Net Sales for the period increased by 34.38 percent in the outgoing year, whereas the company reported profits after suffering losses last year.
The board did not recommend any Cash Dividend, no bonus or right shares.
Comparison of Key Financials
| Unconsolidated Profit and Loss Account - For the Year Ended | |||
| Key Financials | 2017 | 2016 | % Change |
| Amounts in PKR | |||
| Net Sales | 5,708,275,730 | 4,247,958,097 | 34.38% |
| Cost of Goods Sold | 5,257,073,451 | 4,083,483,452 | 28.74% |
| Gross Profit | 451,202,279 | 164,474,645 | 174.33% |
| Dist: Cost | 108,239,297 | 103,260,586 | 4.82% |
| Admin Expenses | 59,190,788 | 61,023,688 | -3.00% |
| Other operating expenses | 10,373,023 | 34,709,756 | -70.11% |
| Finance Cost | 305,475,042 | 305,712,035 | -0.08% |
| Other Income | 50,256,948 | 2,654,085 | 1793.57% |
| Profit/Loss before Taxation | 37,741,486 | (384,568,192) | |
| Taxation | 12,515,462 | 166,578,040 | -92.49% |
| Profit/Loss after Taxation | 12,515,462 | (217,990,152) | |
| EPS - Basic & diluted | 25.03 | (435.98) |
Company release on Earnings Report can be accessed here.
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