Colgate – Palmolive (COLG) today released quarterly and half yearly financial results for the period ending December 31st, 2017. Company’s reported Rs. 10.03 billion turnover for Qtr. ended December, 31st against the sum of 9.248 billion.
The company’s net turnover during the last six months of the year ending December, 31st clocked in at Rs. 15.749 billion, rising by 11.55% from Rs. 14.118 billion last year.
COLG reported a jump in profits from other sources by 47%, clocking in at Rs. 199.746 million for the period.
Company’s bottom line profits clocked in at Rs. 1.667 billion; up by 3.87% from Rs. 1.605 billion.
Colgate – Palmolive Board also approved an interim cash dividend for the year ending 30th June, 2018 of Rs. 15/- share of Rs. 10/- each i.e. 150%.
|
Unconsolidated Profit and Loss Account – For the Half Year Ended, December 30th 2017 |
|||
|---|---|---|---|
|
Key Financials |
2017 |
2016 |
% Change |
|
Amounts in PKR ‘000 |
|||
|
Turnover |
20,165,479 |
18,043,191 |
11.76% |
|
Sales Tax |
3,195,737 |
2,860,427 |
11.72% |
|
Trade and other discounts |
1,220,419 |
1,063,982 |
14.70% |
|
Net turnover |
15,749,323 |
14,118,782 |
11.55% |
|
Cost of sales |
10,093,323 |
8,825,422 |
14.37% |
|
Gross profit |
5,656,000 |
5,293,360 |
6.85% |
|
Delling and distribution costs |
3,154,722 |
2,798,919 |
12.71% |
|
Administrative expenses |
216,779 |
180,216 |
20.29% |
|
Other expenses |
199,151 |
179,884 |
10.71% |
|
Other income |
199,746 |
135,757 |
47.13% |
|
Profit from operations |
2,285,094 |
2,270,098 |
0.66% |
|
Finance cost and bank charges |
13,036 |
12,231 |
6.58% |
|
Profit before taxation |
2,272,058 |
2,257,867 |
0.63% |
|
Taxation |
604,323 |
562,273 |
7.48% |
|
Profit after taxation |
1,667,735 |
1,605,594 |
3.87% |
|
Total comprehensive income for the period |
1,697,323 |
1,668,796 |
1.71% |
|
Earnings per share |
34.78 |
33.48 |
3.88% |
Company release on Earnings Report can be accessed here.
