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.