The profit after tax of Nishat Mills Limited stood at Rs 4.262 billion in the year ended June 30, 2017 (FY17) as compared to Rs 4.923 billion earned in FY16. The company's earning per share stood at Rs 12.12 in the period under review against Rs 14.00 in the same period a year back. The board of directors of the company in its meeting held on Monday at Lahore recommended a final cash dividend at Rs 5.00 per share ie 50 percent for the year.

According to the financial results sent to Pakistan Stock Exchange, the company's revenue increased to Rs 49.247 billion in FY17 against Rs 47.999 billion in FY16 while cost of sales increased to Rs 43.867 billion against Rs 41.759 billion. The company's profit before tax stood at Rs 5.020 billion in FY17 against Rs 5.725 billion in FY16.

Copyright Business Recorder, 2017