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

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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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Posted on: 2018-10-30T15:36:00+05:00

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