Earnings Report: Karam Ceramics Ltd. (PSX: KCL) today reported Financial Results for the Twelve months ended June 30, 2017

MG News | September 20, 2017 at 12:28 PM GMT+05:00

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Karam Ceramics Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Net Sales for the period decreased by 28.04 percent in the outgoing year, whereas the company reported losses for the reported period.

The board has not recommended any Dividend for the year. 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 ‘000
Net Sales	860,670,027	1,196,043,437	-28.04%
Cost of Sales	838,541,136	1,137,369,905	-26.27%
Gross Profit	22,128,891	58,673,532	-62.28%
Selling & Dist: Expenses	23,402,095	26,308,642	-11.05%
General & Admin: Expenses	23,336,634	20,138,747	15.88%
Other Operating Charges	2,600,133	1,229,600	111.46%
Operating (Loss)/Profit	(27,209,971)	10,996,543
Other Income	653,326	36,343,948	-98.20%
Finance Cost	58,020,259	47,405,198	22.39%
Loss before Taxation	(84,576,904)	(64,707)
Taxation	9,755,116	22,382,567	-56.42%
Loss after Taxation	(74,821,788)	(22,447,274)
EPS - Basic & Diluted	(5.14)	(1.54)

Company release on Earnings Report can be accessed here.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	62,920.00	62,920.00 62,920.00	-55.00 -0.09%
BRENT CRUDE	88.82	88.95 86.20	1.75 2.01%
RICHARDS BAY COAL MONTHLY	110.00	110.00 110.00	-0.65 -0.59%
ROTTERDAM COAL MONTHLY	122.30	122.30 122.30	0.30 0.25%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	82.40	82.99 80.71	1.15 1.42%
SUGAR #11 WORLD	16.60	16.85 16.50	-0.22 -1.31%