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

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.

Posted on: 2017-07-26T15:04:00+05:00