Earnings Report: Mughal Iron & Steels Industries Ltd. (PSX: MUGHAL) today reported Financial Results for the Twelve months ended June 30, 2017

    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.

    Posted on: 2017-09-18T13:11:00+05:00