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

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

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%.

Comparison of Key Financials

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.

Posted on: 2018-01-24T10:21:00+05:00
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