Corporate Alert: Pakistan Tobacco announces result for Half Year ended June 30, 2017, reports an EPS of 11.65 for the period

Half Year Ended

Key Financials

June 30, 2017

June 30, 2016

% Change

Gross Turnover

50,474,559

82,208,521

-38.60%

Excise Duties

24,708,672

40,994,496

-39.73%

Sales Tax

7,551,721

12,366,193

-38.93%

Net Turnover

18,214,166

28,847,832

-36.86%

Cost of Sales

9,881,634

14,150,118

-30.17%

Gross Profit

8,332,532

14,697,714

-43.31%

Selling and Distribution Expenses

2,027,641

2,386,918

-15.05%

Administrative Expenses

1,111,488

1,115,334

-0.34%

Other operating Expenses

444,108

830,562

-46.53%

Other operating Income

24,263

38,133

-36.37%

Operating Profit

4,773,558

10,403,033

-54.11%

Finance Income

62,011

276,801

-77.60%

Finance Cost

26,894

26,655

0.90%

Net Finance Income

35,117

250,146

-85.96%

Profit before Income Tax

4,808,675

10,653,179

-54.86%

Income tax Expense

1,832,196

3,581,879

-48.85%

Profit for the Period

2,976,479

7,071,300

-57.91%

Earnings per share (Rupees)

11.65

27.68

-57.91%