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

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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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