Earning review: Colgate Palmolive lands on a safer route

MG News | July 30, 2019 at 11:47 AM GMT+05:00

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July 30, 2019 (MLN): The Board of Directors of Colgate Palmolive Pakistan Limited held its meeting on Monday, wherein it announced net earnings of Rs. 3.5 billion (EPS: Rs. 61.01) for the year ended June 30, 2019, i.e. 8% higher than the earnings of last year.

It also declared a final cash dividend for the said period at Rs. 20 per share i.e. 200%. This is in addition to interim cash dividend already paid at Rs. 16.5 per share i.e. 165%.

Profit and loss account for the year ended June 30, 2019 (Rupees'000)
	June 30, 2019	June 30, 2018	% Change
Turnover	48,718,781	41,421,811	17.62%
Sales tax	-7,718,475	-6,568,260	17.51%
Trade and other discounts	-4,039,264	-3,581,833	12.77%
Net turnover	36,961,042	31,271,718	18.19%
Cost of sales	-26,490,454	-20,850,970	27.05%
Gross profit	10,470,588	10,420,748	0.48%
Selling and distribution cost	-5,132,341	-5,322,829	-3.58%
Administrative expenses	-520,066	-457,590	13.65%
Other expenses	-428,655	-410,310	4.47%
Other income	613,160	467,233	31.23%
Profit from operations	5,002,686	4,697,252	6.50%
Finance cost and bank charges	-38,496	-29,240	31.66%
Profit before taxation	4,964,190	4,668,012	6.34%
Taxation	-1,453,387	-1,410,957	3.01%
Profit after taxation	3,510,803	3,257,055	7.79%
Earnings per share - basic and diluted (rupees)	61.01	56.60	7.79%

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