Earnings Report: Shabbir Tiles & Ceramic Ltd. (PSX: STCL) today reported Financial Results for the Twelve months ended June 30, 2017

Shabbir Tiles & Ceramic Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Net Turnover for the period increased by 8.85 percent in the outgoing year, whereas the company suffered losses for the period.

The board did not recommend any cash dividend, no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Twelve Months Ended

Key Financials

2017

2016

% Change

 

Amounts in PKR ‘000

Net Turnover

5,020,008

4,611,670

8.85%

Cost of Sales

4,485,107

4,079,325

9.95%

Gross Profit

534,307

532,345

0.37%

Dist: Costs

514,307

488,260

5.33%

Admin: Expenses

155,493

125,775

23.63%

Other income

38,555

48,491

-20.49%

Operating Loss

(96,344)

(33,199)

 

Finance Costs

93,426

82,888

12.71%

Loss before Taxation

(189,770)

(116,087)

63.47%

Taxation

38,286

545

6924.95%

Loss for the year

(151,484)

(116,632)

 

LPS – Basic and diluted

(0.63)

(0.49)

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-08-30T11:30:00+05:00