Earnings Report: Kohinoor Mills Ltd (PSX: KML) today reported Financial Results for the Twelve months ended June 30, 2017

MG News | September 13, 2017 at 10:03 AM GMT+05:00

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Kohinoor Mills Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Revenue for the period increased by 25 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 13 percent.

The board has recommended a Cash Dividend for the year ended June 30, 2017 at the rate of 11% i.e. Rs 1.10/- 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
Revenue	10,656,444,857	8,551,091,835	24.62%
Cost of Sales	9,211,160,073	7,158,065,284	28.68%
Gross Profit	1,445,284,784	1,393,026,651	3.75%
Dist: Cost	604,602,184	497,552,931	21.52%
Admin: Expenses	244,244,276	232,700,374	4.96%
Other Expenses	154,918,537	53,970,345	187.04%
Other Income	66,088,246	44,753,708	47.67%
Profit from Operations	507,608,033	653,556,609	-22.33%
Finance Cost	273,785,683	450,764,146	-39.26%
Profit before Taxation	233,822,350	202,792,463	15.30%
Taxation	99,807,069	83,960,087	18.87%
PAT	134,015,281	118,832,376	12.78%
EPS - Basic & Diluted	2.63	2.33	12.88%

Company release on Earnings Report can be accessed here.

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