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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