BATA's semiannual profits weighed down by cost overrun
MG News | August 27, 2019 at 10:34 AM GMT+05:00
August 27, 2019 (MLN): Bata Pakistan Limited (BATA) announced their 6 Month result for the period ending Jun 30, 2019
The company declared a Profit After tax of Rs.652.85 million which is 8.43 percent lower than the corresponding period from last year.
The net sales of the company grew by merely 5 percent, whereas Cost of sales remained somewhat constant. This resulted in a 12 percent increase in Gross profit.
This translates into an EPS of 86.36 compared to the previous EPS of 94.3.
| Jun-19 | Jun-18 | % Change | |
|---|---|---|---|
| Net Sales | 8,793,713 | 8,298,127 | 5.97 |
| Cost of Sales | -4,734,318 | -4,677,192 | 1.22 |
| Gross Profit | 4,059,395 | 3,620,935 | 12.11 |
| Distribution cost | -2,142,778 | -1,834,969 | 16.77 |
| Administrative expenses | -566,066 | -544,785 | 3.91 |
| Other expenses | -97,693 | -104,153 | -6.2 |
| Other income | 15,090 | 23,927 | -36.93 |
| Finance cost | -359,024 | -23,847 | 1405.53 |
| Profit before taxation | 908,924 | 1,137,108 | -20.07 |
| Provision for taxation | -256,074 | -424,181 | -39.63 |
| Profit after taxation | 652,850 | 712,927 | -8.43 |
| Basic and diluted earnings per share (Rupees) | 86.36 | 94.3 | -8.42 |
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