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

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.

Posted on: 2017-09-14T10:07:00+05:00