Bata Pakistan reports 0.8% increase in half yearly profits

By MG News | August 30, 2018 at 03:22 PM GMT+05:00

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Bata Pakistan Limited reported a marginal growth of 0.8% in half yearly profits during the half year period ended on June 30^th 2018.

In their Board of Directors meeting held on August 30, 2018, the company discussed the financial earnings for the above said period.

As compared to the half year ended on June 30^th 2017, Bata’s sales witnessed a rise of 6% and gross profits went up by 10%.

Since distribution cost increased by 9.6%, operating expenses rose by 10.6%.

The company’s operating profits logged in at 6.4%, while tax provisions increased by 17%.

Bata’s overall half yearly profits went up from Rs.707.3 million to Rs.712.9 million on year-on-year basis.

Other than this, earnings per share increased from Rs.93.56 per share to Rs.94.3 per share.

Profit and Loss account for the half year ended June 30th 2018 ('000 Rupees)
	Jun-18	Jun-17	% Change
Sales	8,298,127	7,828,929	5.99%
Cost of sales	4,677,192	4,539,133	3.04%
Gross profit	3,620,935	3,289,796	10.07%
Distribution cost	1,834,969	1,674,417	9.59%
Administrative expenses	544,785	486,312	12.02%
Other expenses	104,153	85,273	22.14%
Operating expenses	2,483,907	2,246,002	10.59%
Other income	23,927	47,073	-49.17%
Operating profit	1,160,955	1,090,867	6.42%
Finance cost	23,847	21,444	11.21%
Profit before taxation	1,137,108	1,069,423	6.33%
Provision for taxation	424,181	362,079	17.15%
Profit after taxation	712,927	707,344	0.79%
Earnings per share - basic and diluted (Rupees)	94.30	93.56	0.79%

Symbol	Bid/Ask	High/Low

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USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	65.07	65.82 64.50	-0.45 -0.69%
SUGAR #11 WORLD	16.19	16.74 16.14	-0.52 -3.11%