Earnings Report: Mughal Iron & Steels Industries Ltd. (PSX: MUGHAL) today reported Financial Results for the Twelve months ended June 30, 2017
MG News | September 18, 2017 at 01:11 PM GMT+05:00
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.
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