Suraj Cotton Mills Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Net Sales for the period increased by 8 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 19 percent.
The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 30% i.e. Rs 3.00/- per share. The board issued 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 ‘000
Net Sales
8,313,438
7,712,885
7.79%
Cost of Sales
7,784,454
7,041,161
10.56%
Gross Profit
528,984
671,724
-21.25%
Dist: Expenses
125,660
134,646
-6.67%
Admin: Expenses
140,691
143,753
-2.13%
Other Operating Expenses
86,214
72,614
18.73%
Other Income
382,832
233,894
63.68%
Operating Profit
559,251
554,605
0.84%
Finance Costs
76,043
62,090
22.47%
Profit before Taxation
483,208
492,515
-1.89%
Taxation
22,598
67,297
-66.42%
Profit for the Year
505,806
425,218
18.95%
EPS – Basic & Diluted
17.45
14.67
18.95%
Company release on Earnings Report can be accessed here.
