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International Industries declares bottom-line earnings of Rs 3.2 billion

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August 21, 2019 (MLN): International Industries Limited’s profits for the year ended June 30, 2019 amounted to Rs. 3.2 billion (EPS: Rs. 18.26), i.e. nearly 37% less than the figures recorded in last year.

The company suffered mainly at the hands of cost of sales, which increased by 18% during the year.  

However, the company gained some respite via increase in non-core income by 82%.

A final Cash Dividend was also announced at Rs.3 per share i.e. 30%. This is in addition to Interim Dividend already paid at Rs. 2.5 per share i.e. 25%.             

Profit and loss account for the year ended June 30, 2019 (Rupees'000)

 

June, 2019

June, 2018

% Change

Net sales

75,387,444

67,002,967

12.51%

Cost of sales

-66,300,102

-56,182,828

18.01%

Gross profit

9,087,342

10,820,139

-16.01%

Selling and distribution expenses

-1,628,463

-1,601,936

1.66%

Administrative expenses

-605,104

-596,574

1.43%

Impairment (loss)/ reversal on trade debts

-5,618

10,930

 

Finance cost

-2,213,650

-980,924

125.67%

Other operating charges

-632,165

-834,132

-24.21%

Other income

617,688

337,952

82.77%

Share of profit in equity accounted investee

49,906

41,931

19.02%

Profit before taxation

4,669,936

7,197,386

-35.12%

Taxation

-1,381,044

-1,928,980

-28.41%

Profit after taxation for the year

3,288,892

5,268,406

-37.57%

Earnings per share – basic and diluted

18.26

28.75

-36.49%

 

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Posted on: 2019-08-21T17:19:00+05:00

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