Corporate Alert: GlaxoSmithKline Pakistan Ltd. reports an EPS of 3.22 for the period ended June 30, 2017

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MG News | August 15, 2017 at 12:50 PM GMT+05:00

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GlaxoSmithKline Pakistan Ltd. Financial Results for the period ended June 30, 2017.

The company’s Net Sales for the period declined by 158% percent in the outgoing year, whereas the Profit after Taxation for the Period went from loss in the previous years to 307.4 billion in the outgoing year.

The board has recommended no cash dividend, bonus shares or right shares.

Comparison of Key Financials:

Financial Results - For Period Ended

Key Financials

June 30, 2017

June 30, 2016

% Change

Net Sales

3,746,461,774

1,452,239,805

158%

Cost of Sales

2,244,996,000

1,423,435,439

58%

Gross Profit

1,501,465,774

28,804,366

5113%

Selling, Marketing and distribution Expenses

870,515,596

289,849,111

200%

Administrative Expenses

107,357,766

40,412,410

166%

Other Operating Expenses

51,859,553

14,097,824

268%

Other Income

120,310,986

4,363,507

2657%

Operating Profit/(loss)

592,043,845

(311,191,472)

 

Financial Charges

154,139

70,626

118%

Profit/(loss) before taxation

591,889,706

(311,262,098)

 

Taxation

284,391,254

90,945,361

213%

Profit/(loss) after taxation

307,498,452

(402,207,459)

 

EPS - Profit/(loss) per share

3.22

(8.42)

 

 

Rupees in Thousands

The complete statements can be accessed here.

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