Colgate Palmolive's profits variate downwards by 2% for 1QFY19

MG News | October 30, 2018 at 03:36 PM GMT+05:00

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October 30, 2018 (MLN): Colgate Palmolive Pakistan Limited (COLG) has exhibited downward variation in its first quarterly Profits after taxation by 1.95%, as compared to the last year’s quarter. The company reported an overall Profits amounting to Rs.800 million, while its EPS was stated at Rs.13.91.

According to the notification issued to PSX, the company earned a higher net turnover as it grew by 10.54%. However, an increase in Cost of sales, Administrative expenses, Finance cost and Taxes dragged down the company’s profitability by 1.95%

Profit and loss account for the quarter ended September 30th 2018 (Rupees’000)
	Sep-18	Sep-17	% Change
Turnover	11,224,679	10,129,429	10.81%
Sales tax	-1,781,276	-1,603,543	11.08%
Trade discounts	-959,358	-850,988	12.73%
Net turnover	8,484,045	7,674,898	10.54%
Cost of sales	-5,938,952	-5,070,552	17.13%
Gross profit	2,545,093	2,604,346	-2.28%
Selling and distribution costs	-1,269,047	-1,305,826	-2.82%
Administrative expenses	-124,244	-108,265	14.76%
Other expenses	-101,455	-97,155	4.43%
Other income	120,769	75,668	59.60%
Finance costs and bank charges	-8,809	-6,400	37.64%
Profit before taxation	1,162,307	1,162,368	-0.01%
Taxation	-361,651	-345,800	4.58%
Profit after taxation	800,656	816,568	-1.95%
Earnings per share - basic and dilutive	13.91	14.19	-1.97%

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