Corporate Alert: Wyeth announces results for the period ending May 31, 2017

MG News | July 26, 2017 at 03:04 PM GMT+05:00

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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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