Colgate – Palmolive (Pakistan) Ltd. turnover rises 11.76% to Rs. 20.165 billion

MG News | January 24, 2018 at 10:21 AM GMT+05:00

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Colgate – Palmolive (COLG) today released quarterly and half yearly financial results for the period ending December 31^st, 2017. Company’s reported Rs. 10.03 billion turnover for Qtr. ended December, 31^st against the sum of 9.248 billion.

The company’s net turnover during the last six months of the year ending December, 31^st 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 30^th June, 2018 of Rs. 15/- share of Rs. 10/- each i.e. 150%.

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Half Year Ended, December 30^th 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.

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