Abbott Laboratories half-year profit soars over 65%

MG News | August 28, 2025 at 10:15 AM GMT+05:00

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August 28, 2025 (MLN): Abbott Laboratories (Pakistan) Limited (PSX: ABOT) shared its financial results for the six-month period ended June 30, 2025 (1HFY25), posting a profit after tax of Rs3.54bn, up 65.6% compared to Rs2.14bn in the same period last year.

The company’s earnings per share (EPS) surged to Rs36.19 in 1HFY25, from Rs21.86 in 1HFY24 which showed growth of 65.6%.

Net sales increased by 13.1% YoY to Rs36.41bn, supported by a 14.5% rise in local sales, while export sales fell 12.7% YoY to Rs1.49bn. Cost of sales remained flat, decreasing marginally by 0.4% to Rs23.79bn.

As a result, gross profit rose sharply by 51.6% to Rs12.61bn in 1HFY25.

Operating expenses saw double-digit growth, with selling & distribution expenses climbing 17.2% YoY and administrative expenses increasing 14.6%.

Finance costs expanded YoY to Rs37m.

Profit before tax almost doubled, advancing 98.9% YoY to Rs6bn, compared to Rs3.02bn in the prior year. Tax expenses stood at Rs2.46bn, up almost 3 times YoY, largely driven by a surge in current tax.

STATEMENT OF PROFIT OR LOSS FOR THE SIX MONTHS ENDED JUNE 30, 2025 (Rs.000)
Description	1HFY25	1HFY24	change%
Sales - Net
Local	34,913,846	30,489,133	14.5%
Export	1,493,944	1,710,400	-12.7%
Total Sales	36,407,789	32,199,533	13.1%
Cost of Sales	(23,792,889)	(23,879,780)	-0.4%
Gross Profit	12,614,900	8,319,753	51.6%
Operating Expenses
Selling & Distribution	(5,527,267)	(4,715,510)	17.2%
Administrative	(638,195)	(556,903)	14.6%
Other Charges	(826,334)	(308,395)	167.9%
Other Income	416,745	458,108	-9.0%
	(6,575,051)	(5,122,700)	28.4%
Finance Costs	(37,704)	(12,599)	199.3%
Profit Before Min. Tax & Income Tax	6,002,145	3,184,454	88.5%
Minimum Tax Differential		(166,882)
Profit Before Income Tax	6,002,146	3,017,572	98.9%
Income Tax
Current	(2,647,573)	(731,092)	262.1%
Deferred	188,600	(146,340)
Total Income Tax	(2,458,973)	(877,432)	180.2%
Profit for the Period	3,543,172	2,140,140	65.6%
Earnings Per Share (Basic & Diluted)	36.19	21.86	65.6%

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