COLG net profits reach Rs7.19bn in 9MFY23, up by 55.3% YoY
 LIMITED (1).png?width=950&height=450&format=Webp)
MG News | April 20, 2023 at 02:48 PM GMT+05:00
April 20, 2023 (MLN): Colgate-Palmolive Pakistan Limited (PSX: COLG) has unveiled its financial performance for the nine months period ended March 31, 2023 today wherein the company reported 55.3% YoY net profits worth Rs7.19 billion [EPS: Rs58.26] against the profits of Rs4.63bn [EPS: Rs38.17] reaped in the same period last year.
The company’s top line grew by 47% YoY to clock in at Rs66.14bn, as compared to Rs44.98bn in the same period last year.
The proportionally lower increase in the cost of sales helped the company achieve a 3.82% YoY higher gross margin.
The company continued to support its brands through media and promotional activities, thus selling and distribution costs went up by 37.7% YoY. Administrative expenses also increased by 27.3% YoY to Rs667mn in the review period.
Moreover, the company also witnessed a rise in its finance cost and tax payments by 6.1% YoY and 90.2% YoY respectively to stand at Rs111.81 million and Rs3.48bn, which put a limit on the company’s profitability.
|
Profit and Loss Account for the nine months period ended March 31, 2023 (Rs'000) |
|||
|---|---|---|---|
|
|
Mar-23 |
Mar-22 |
% Change |
|
Turnover |
86,386,476 |
59,613,953 |
44.9% |
|
Sales Tax |
(13,613,832) |
(9,409,490) |
44.7% |
|
Trade and other discounts |
(6,631,526) |
(5,220,475) |
27.0% |
|
Net turnover |
66,141,118 |
44,983,988 |
47.0% |
|
Cost of Sales |
(47,983,935) |
(33,089,383) |
45.0% |
|
Gross profit |
18,157,183 |
11,894,605 |
52.7% |
|
Selling and distribution costs |
(6,904,999) |
(5,016,109) |
37.7% |
|
Administrative Expenses |
(667,055) |
(524,163) |
27.3% |
|
Other expenses |
(1,042,575) |
(586,676) |
77.7% |
|
Other income |
1,244,553 |
801,432 |
55.3% |
|
Profit from operations |
10,787,107 |
6,569,089 |
64.2% |
|
Finance cost and bank charges |
(111,818) |
(105,352) |
6.1% |
|
Profit before taxation |
10,675,289 |
6,463,737 |
65.2% |
|
Taxation |
(3,481,998) |
(1,830,451) |
90.2% |
|
Profit after taxation |
7,193,291 |
4,633,286 |
55.3% |
|
Earning per share -Basic and Diluted |
59.26 |
38.17 |
55.3% |
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 169,456.39 433.91M | 0.69% 1153.14 |
| ALLSHR | 102,478.58 1,022.58M | 0.67% 679.64 |
| KSE30 | 51,541.70 184.13M | 0.73% 373.14 |
| KMI30 | 243,807.02 183.17M | 0.69% 1682.44 |
| KMIALLSHR | 66,859.30 609.32M | 0.71% 468.34 |
| BKTi | 45,393.18 48.65M | 0.46% 206.94 |
| OGTi | 33,710.09 12.30M | 0.12% 40.22 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 92,390.00 | 93,180.00 92,325.00 | -950.00 -1.02% |
| BRENT CRUDE | 62.05 | 62.11 62.00 | 0.11 0.18% |
| RICHARDS BAY COAL MONTHLY | 91.00 | 0.00 0.00 | 0.05 0.06% |
| ROTTERDAM COAL MONTHLY | 97.40 | 97.40 97.40 | 0.35 0.36% |
| USD RBD PALM OLEIN | 1,016.00 | 1,016.00 1,016.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 58.36 | 58.43 58.33 | 0.11 0.19% |
| SUGAR #11 WORLD | 14.66 | 14.89 14.52 | -0.16 -1.08% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Workers' Remittances
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|