BATA’s semiannual profits weighed down by cost overrun

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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.

Profit & Loss Account For the Period Ending June 30, 2019 – (Rupees'000)

 Jun-19Jun-18% Change
Net Sales8,793,7138,298,1275.97
Cost of Sales-4,734,318-4,677,1921.22
Gross Profit4,059,3953,620,93512.11
Distribution cost-2,142,778-1,834,96916.77
Administrative expenses-566,066-544,7853.91
Other expenses-97,693-104,153-6.2
Other income15,09023,927-36.93
Finance cost-359,024-23,8471405.53
Profit before taxation908,9241,137,108-20.07
Provision for taxation-256,074-424,181-39.63
Profit after taxation652,850712,927-8.43
Basic and diluted earnings per share (Rupees)86.3694.3-8.42

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Posted on: 2019-08-27T10:34:00+05:00

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$2.88 billion

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