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

MG News | August 30, 2017 at 11:30 AM GMT+05:00

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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)