Ismail Industries Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Sales for the period increased by 5.05 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 16.38 percent.
The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 27.50% i.e. Rs 2.75/- per share. The board issued 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
Sales
23,014,395,587
20,004,048,716
15.05%
Sales Tax
3,409,534,324
2,996,077,699
13.80%
Net Sales
19,604,861,263
17,007,971,017
15.27%
Cost of Sales
15,883,600,917
13,898,515,479
14.28%
Gross Profit
3,721,260,346
3,109,455,538
19.68%
Selling and Dist: Expenses
1,663,043,697
1,367,414,895
21.62%
Admin: Expenses
259,776,786
191,999,710
35.30%
Operating Profit
1,798,439,863
1,550,040,933
16.03%
Finance Cost
671,242,277
798,382,202
-15.92%
Profit before Tax
1,643,222,325
1,292,461,963
27.14%
Tax
477,207,880
290,595,071
64.22%
PAT
1,166,014,445
1,001,866,892
16.38%
EPS – Basic & diluted
18.27
15.70
16.37%
Company release on Earnings Report can be accessed here.