Earnings Report: Salfi Textile Mills Ltd. (PSX: SALT) today reported Financial Results for the Twelve months ended June 30, 2017

MG News | September 14, 2017 at 03:38 PM GMT+05:00

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Salfi Textile Mills Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Net Sales for the period increased by 6.20 percent in the outgoing year, whereas the company reported profits after suffering losses last year.

The board did not recommend any Cash Dividend, 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	5,284,257,682	4,975,582,877	6.20%
Cost of Goods Sold	4,892,328,698	4,957,342,852	-1.31%
Gross Profit	391,928,984	18,240,025	2048.73%
Dist: Cost	105,031,432	122,320,302	-14.13%
Admin Expenses	95,313,453	106,023,076	-10.10%
Other operating expenses	6,523,212	8,808,000	-25.94%
Finance Cost	176,473,484	168,991,512	4.43%
Other Income	86,932,300	8,094,299	973.99%
Profit/Loss before Taxation	95,519,703	(379,808,566)
Taxation	58,845,976	4,415,808	1232.62%
Profit/Loss after Taxation	36,673,727	(384,224,374)
EPS - Basic & diluted	10.97	(114.95)

Company release on Earnings Report can be accessed here.

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