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

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Kohinoor Textile Mills announced financial results for the half year ending December 31st, 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 31st, 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 31st 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.

Posted on: 2018-02-19T12:41:00+05:00