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.