International Industries Ltd. sales rise by 62.15% to Rs. 12.168 billion
MG News | January 25, 2018 at 04:13 PM GMT+05:00
International Industries Ltd. (INIL) today announced financial results for the six months and three months ended December, 2017. Net sales for the period during the half year recorded a phenomenal growth of 62.15% to clock in at 12.168 billion rupees.
On the other hand, the cost of sales for the also jumped up by 74.41%, clocking in at Rs. 10.518 billion, company’s financial charges also took away more than 149% taking Rs. 232.503 million from bottom-line profits.
Company’s bottom-line profit declined by more than 10.76% reaching Rs. 719.452 million, with earning per share clocking in at 6 rupees per share.
In a separate notice, INIL mentioned that the board of directors resolved that, “a private limited liability company IIL Stainless Steel (Pvt.) ltd., a wholly owned subsidiary of International Industries Ltd. (INIL), be merged and amalgamated with and into IIL in accordance with the Scheme of Amalgamation”. AS such, as of the completion date of 31st March, 2018 the entire undertaking of IIL Stainless Steel (Pvt.) Ltd. will stand merged with and into the company.
| Unconsolidated Profit and Loss Account - For the Half Year Ended, December 2017 | |||
|---|---|---|---|
| Key Financials | 2017 | 2016 | % Change |
| Amounts in PKR ‘000 | |||
| Net Sales | 12,168,289 | 7,504,316 | 62.15% |
| Cost of sales | 10,518,189 | 6,030,862 | 74.41% |
| Gross profit | 1,650,100 | 1,473,454 | 11.99% |
| Selling and distribution expenses | 561,924 | 397,922 | 41.21% |
| Administrative expenses | 150,159 | 127,856 | 17.44% |
| Financial charges | 232,503 | 93,262 | 149.30% |
| Other operating charges | 71,068 | 117,636 | -39.59% |
| Other income | 355,571 | 338,708 | 4.98% |
| Profit before taxation | 990,017 | 1,075,486 | -7.95% |
| Taxation | 270,565 | 269,300 | 0.47% |
| Profit after taxation | 719,452 | 806,186 | -10.76% |
| EPS - Basic and diluted | 6.00 | 6.72 | -10.71% |
Company release on Earnings Report can be accessed here.
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 168,303.25 328.07M | 0.73% 1217.67 |
| ALLSHR | 101,798.94 781.32M | 0.57% 578.22 |
| KSE30 | 51,168.55 142.41M | 0.78% 396.53 |
| KMI30 | 242,124.59 148.48M | 0.92% 2201.24 |
| KMIALLSHR | 66,390.97 419.71M | 0.53% 348.17 |
| BKTi | 45,186.23 25.50M | 0.18% 79.85 |
| OGTi | 33,669.86 17.96M | 0.26% 86.81 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 91,155.00 | 91,280.00 91,090.00 | 165.00 0.18% |
| BRENT CRUDE | 62.53 | 63.96 62.34 | -1.22 -1.91% |
| RICHARDS BAY COAL MONTHLY | 91.00 | 0.00 0.00 | 0.20 0.22% |
| ROTTERDAM COAL MONTHLY | 97.00 | 97.70 97.00 | -0.25 -0.26% |
| USD RBD PALM OLEIN | 1,016.00 | 1,016.00 1,016.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 58.83 | 58.88 58.82 | -0.05 -0.08% |
| SUGAR #11 WORLD | 14.83 | 14.93 14.72 | 0.03 0.20% |
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 |
|---|