International Industries declares bottom-line earnings of Rs 3.2 billion
By MG News | August 21, 2019 at 05:19 PM GMT+05:00
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% |
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 125,627.31 258.99M |
1.00% 1248.25 |
| ALLSHR | 78,584.71 1,142.41M |
1.16% 904.89 |
| KSE30 | 38,153.79 69.25M |
0.63% 238.06 |
| KMI30 | 184,886.50 91.38M |
0.01% 13.72 |
| KMIALLSHR | 53,763.81 554.57M |
0.54% 290.61 |
| BKTi | 31,921.68 33.15M |
1.78% 557.94 |
| OGTi | 27,773.98 9.65M |
-0.40% -112.21 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 107,800.00 | 107,860.00 107,555.00 |
-435.00 -0.40% |
| BRENT CRUDE | 66.63 | 67.20 65.92 |
-0.17 -0.25% |
| RICHARDS BAY COAL MONTHLY | 97.00 | 97.00 97.00 |
1.05 1.09% |
| ROTTERDAM COAL MONTHLY | 107.65 | 107.65 105.85 |
1.25 1.17% |
| USD RBD PALM OLEIN | 998.50 | 998.50 998.50 |
0.00 0.00% |
| CRUDE OIL - WTI | 64.96 | 65.01 64.83 |
-0.15 -0.23% |
| SUGAR #11 WORLD | 16.19 | 16.74 16.14 |
-0.52 -3.11% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|