Bata Pakistan reports 0.8% increase in half yearly profits

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

 

Posted on: 2018-08-30T15:22:00+05:00

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