Corporate Alert: Wyeth announces results for the period ending May 31, 2017
By MG News | July 26, 2017 at 03:04 PM GMT+05:00
Wyeth Pakistan announced its financial results for the six months period ended May 31, 2017.
The company's Profit increased by 16percent in the outgoing year, whereas profit after taxation for the period increased 18percent in comparison to previous year.
The Company issued no Cash Dividend for the second quarter and six months period ended May 31, 2017.
Comparison of Key Financials:
| For the Six Month Period | |||
| Key Financials | May 31, 2017 | May 31, 2016 | % Change |
| Net Sales | 684,401.00 | 584,986.00 | 17% |
| Cost of Sales | 551,980.00 | 510,042.00 | 8% |
| Gross Profit | 132,421.00 | 74,944.00 | 77% |
| Selling, Marketing and distribution expenses | 85,613.00 | 73,429.00 | 17% |
| Administrative Expenses | 52,703.00 | 39,791.00 | 32% |
| Other Incomes | 11,700.00 | 9,578.00 | 22% |
| Other Expenses | 462.00 | 477.00 | -3% |
| Finance Costs | 488.00 | 319.00 | 53% |
| Profit/(Loss) before taxation | 4,855.00 | -29,494.00 | |
| Total - Taxation | 1,365.00 | 17,034.00 | -92% |
| Profit/(Loss) after tax from continuing Operations | 3,490.00 | -46,528.00 | |
| Discounted Operations | |||
| Profit/(Loss) after tax from discontinued Operations - Net of Tax | 74,215.00 | 3,742.00 | 1883% |
| Profit/(Loss) for the period | 77,705.00 | -42,786.00 | -282% |
| Earnings/(loss) per share - basic and diluted | 54.65 | -30.10 | |
| Earnings/(loss) per share - basic and diluted - continuing operations | 2.45 | -32.73 |
Rupees in ‘000
The complete statements can be accessed here.
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