Mughal Iron & Steels Industries Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Net Sales for the period decreased by 0.95 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 11 percent.
The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 6% i.e. Rs 0.60/- per share. This is in addition to the interim dividend already paid at Rs. 2.00/- 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
Net Sales
18,802,810,936
18,983,478,792
-0.95%
Cost of Sales
16,860,980,034
16,924,658,440
-0.38%
Gross Profit
1,941,830,902
2,058,820,352
-5.68%
Distribution & Marketing Costs
164,048,993
94,723,432
73.19%
Admin: Expenses
241,458,943
207,515,370
16.36%
Other Charges
91,450,821
86,658,009
5.53%
Other Income
33,976,939
47,357,135
-28.25%
Finance Cost
256,551,296
425,032,882
-39.64%
Profit before Taxation
1,222,297,788
1,292,247,794
-5.41%
Taxation
231,537,873
398,836,214
-41.95%
PAT
990,759,915
893,411,580
10.90%
EPS – Basic & Diluted
7.69
7.10
8.31%
Company release on Earnings Report can be accessed here.
