Kohinoor Textile Mills Ltd. Sales for the period increased by 4.4%, amounting to a total of 10.11 billion Rupees during the Quarter ended September, 30th 2017
Kohinoor Textile’s Distribution Costs during the reported period decreased 24%
Of all the particulars Finance Costs increased by more than 76%, and Administrative costs increased around 19% which cumulatively took their toll on the bottom line
Profit after tax for the period decreased 27% reaching 1.42 billion compared to last period’s profit of 2 billion Rupees.
The company’s earnings per share reached 3.15 rupees vs 4.59 Rupees FY 16
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Quarter Ended, September 30th 2017
Key Financials
2017
2016
% Change
Amounts in PKR ‘000
Sales
10,111,971
9,685,761
4.40%
Cost of Sales
7,313,668
6,579,645
11.16%
Gross Profit
2,798,303
3,106,116
-9.91%
Distribution Cost
379,147
497,371
-23.77%
Administrative Expenses
297,683
250,118
19.02%
Other Expenses
140,546
180,895
-22.31%
Other Income
166,118
519,736
-68.04%
Profit from Operations
2,147,045
2,697,468
-20.41%
Finance Cost
209,347
118,432
76.77%
Profit before Taxation
1,937,698
2,579,036
-24.87%
Taxation
525,064
632,718
-17.01%
Profit after Taxation
1,412,634
1,946,318
-27.42%
EPS – Basic and diluted
3.15
4.59
-31.37%
Company release on Earnings Report can be accessed here.
