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

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.

Posted on: 2017-09-14T15:38:00+05:00