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

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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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