Bata Pakistan Ltd. profit falls 8% to 904 million

MG News | October 23, 2017 at 11:05 AM GMT+05:00

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Bata Pakistan Net Sales for the period decreased by 1%, amounting to a total of 11 billion Rupees during the Quarter ended September, 30^th 2017
Company’s Distribution costs increased by 10%
The Profit after tax for the period decreased 8% reaching 904 million compared to same period last year’s profit of 981 million Rupees.
The company’s earnings per share reached 119.61 Rupees/Share
Bata Pakistan declared a cash dividend of Rs. 80/share at the rate of 800%

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Quarter Ended, September 30^th 2017
Key Financials	2017	2016	% Change
	Amounts in PKR ‘000
Net Sales	11,059,871	11,156,245	-0.86%
Cost of Sales	6,397,509	6,657,882	-3.91%
Gross Profit	4,662,362	4,498,363	3.65%
Distribution Cost	2,513,177	2,282,797	10.09%
Administrative Expenses	725,950	708,412	2.48%
Operating Expenses	3,349,574	3,107,600	7.79%
Other Income	59,064	84,558	-30.15%
Operating Profit	1,371,852	1,475,321	-7.01%
Finance Cost	31,018	28,539	8.69%
Profit before Taxation	1,340,834	1,446,782	-7.32%
Taxation	436,603	465,414	-6.19%
PAT	904,231	981,368	-7.86%
EPS - Basic & diluted	119.61	129.81	-7.86%

Company release on Earnings Report can be accessed here.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	119,235.00	119,430.00 117,905.00	1615.00 1.37%
BRENT CRUDE	72.24	72.82 72.17	-1.00 -1.37%
RICHARDS BAY COAL MONTHLY	96.50	0.00 0.00	2.20 2.33%
ROTTERDAM COAL MONTHLY	104.50	104.50 104.50	-0.30 -0.29%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	69.86	70.41 69.80	-0.14 -0.20%
SUGAR #11 WORLD	16.46	16.58 16.37	-0.13 -0.78%