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.
