The profit after tax of Gul Ahmed Textile Mills Limited has increased to Rs 1,141.430 million in the year ended June 30, 2016 (FY16) as compared to Rs 604.943 million earned in FY15. The company's earning per share surged to Rs 4.27 in the period under review against Rs 2.30 in the same period a year back.
The board of directors of the company in its meeting held here recommended final cash dividend at Re 1.00 per share ie 10 percent in addition to 20 percent cash dividends already paid for the year ended June 30, 2016. Holding company has agreed to relinquish portion of final cash dividend.
According to the financial results, the company's sales stood at Rs 32.274 billion in FY16 against Rs 33.354 in FY15 while the cost of sales reduced to Rs 24.968 billion from Rs 27.260 billion. The company's profit before taxation surged to Rs 1,334.509 million in FY16 as compared to Rs 783.327 million earned in FY15.
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