Abbott Laboratories records quarterly profit growth

MG News | April 28, 2025 at 04:53 PM GMT+05:00

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April 28, 2025 (MLN): Abbott Laboratories (Pakistan) Limited (PSX: ABOT) reported a 5.33% increase in net profit for the quarter ended March 31, 2025, reaching Rs1.60 billion, compared to Rs1.52bn in the same period last year.

The company posted strong sales, which grew by 8.22% to Rs17.35 billion, up from Rs16.03bn in the corresponding quarter of 2024.

Despite a slight decline in the cost of sales, which dropped by 0.64% to Rs11.5bn, gross profit surged by 31.26%, amounting to Rs5.84bn.

Operating expenses saw a modest increase of 9.91%, reaching Rs3.09bn. Selling and distribution expenses rose by 13.5% to Rs2.72bn, and administrative expenses increased by 12.76% to Rs303m.

The company's operating profit climbed by 47.95%, reaching Rs2.76bn, while finance costs saw a significant decline of 40.74%, falling to Rs3.95m.

Profit before tax increased by 56.12%, totaling Rs2.73bn, and the tax expense surged by 393.23% to Rs1.13bn, impacting the net profit for the quarter.

The earnings per share (EPS) stood at Rs16.34, reflecting a 5.35% increase from Rs15.51 in the same period last year.

Statement of Profit or Loss for the Quarter Ended March 31, 2025 (Rupees '000)
Description	Mar-25	Mar-24	%Change
Sales – Net	17,346,451	16,028,928	8.22%
Cost of Sales	(11,504,545)	(11,578,125)	-0.64%
Gross Profit	5,841,906	4,450,803	31.26%
Selling & Distribution Expenses	(2,721,303)	(2,397,568)	13.50%
Administrative Expenses	(303,023)	(268,735)	12.76%
Other Charges	(321,820)	(177,275)	81.54%
Other Income	260,099	255,541	1.78%
Total Operating Expenses	(3,086,047)	(2,807,899)	9.91%
Operating Profit	2,755,859	1,862,706	47.95%
Finance Cost	(3,947)	(6,661)	-40.74%
Profit Before Minimum Tax Differential & Final Taxes	2,751,912	1,856,045	48.27%
Minimum Tax Differential	(23,624)	(100,624)	-76.52%
Final Taxes	-	(7902)
Profit Before Taxation	2,728,288	1,747,579	56.12%
Taxation	(1,128,615)	(228,819)	393.23%
Net Profit for the Period	1,599,673	1,518,760	5.33%
Basic & Diluted Earnings Per Share (Rs.)	16.34	15.51	5.35%

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