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.