Earning review: Colgate Palmolive lands on a safer route
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By MG News | July 30, 2019 at 11:47 AM GMT+05:00
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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