Abbott Laboratories half-year profit soars over 65%
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MG News | August 28, 2025 at 10:15 AM GMT+05:00
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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