Kohinoor Textile Mills profits fall 34.18% to Rs. 2.851 billion

MG News | February 19, 2018 at 12:41 PM GMT+05:00

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Kohinoor Textile Mills announced financial results for the half year ending December 31^st, 2017. The company reported Revenues worth Rs. 21.056 billion during the half year against Rs. 20.422 billion same period last year; up 3.11% from last year.

Baluchistan Wheels Ltd. reported bottom-line profits worth Rs. 2.851 billion with an EPS of 6.03/share.

In addition to that, the company declared an interim cash dividend for the quarter ended December 31^st, 2017 at Rupees 1.25 per share i.e. 12.50%.

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Half Year Ended, December 31^st 2017
Key Financials	2017	2016	% Change
	Amounts in PKR ‘000
Revenues	21,056,673	20,422,142	3.11%
Cost of Sales	15,329,534	13,762,431	11.39%
Gross Profit	2,727,139	6,659,711	-59.05%
Distribution Costs	855,765	963,296	-11.16%
Administrative Expenses	585,219	538,682	8.64%
Other Expenses	337,047	423,811	-20.47%
Other Income	418,711	1,345,078	-68.87%
Profit from Operations	4,367,819	6,079,000	-28.15%
Finance Costs	470,499	238,837	97.00%
Profit before Taxation	3,897,320	5,840,163	-33.27%
Provision for Taxation	1,045,935	1,508,292	-30.65%
Profit after Taxation	2,851,385	4,331,871	-34.18%
Share of Profit attributable to Holding Co.	1,753,699	2,845,369	-38.37%
Non-Controlling Interest	1,097,686	1,486,502	-26.16%
EPS - Basic and diluted	6.03	9.96	-39.46%

Company release on Earnings Report can be accessed here.

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