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

MG News | September 14, 2017 at 10:07 AM GMT+05:00

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

The company’s Revenue for the period increased by 8.18 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 10.30 percent.

The board has recommended an interim Cash Dividend for the year ended June 30, 2017 at the rate of 15% i.e. Rs 1.50/- per share. This is in addition to the interim dividend already paid at Rs. 2/- per share i.e. 20%. 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
Revenue	17,404,708	16,088,302	8.18%
Cost of Sales	14,823,393	13,048,866	13.60%
Gross Profit	2,581,315	3,039,436	-15.07%
Dist: Cost	538,294	574,226	-6.26%
Admin: Expenses	460,681	401,099	14.85%
Other Expenses	137,681	166,105	-17.11%
Other Income	1,725,445	1,067,529	61.63%
Profit from Operations	3,170,104	2,965,535	6.90%
Finance Cost	267,593	337,357	-20.68%
Profit before Taxation	2,902,511	2,628,178	10.44%
Taxation	550,732	495,963	11.04%
PAT	2,351,779	2,132,215	10.30%
EPS - Basic & Diluted	8.33	7.55	10.33%

Company release on Earnings Report can be accessed here.

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