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Earning review: Colgate Palmolive lands on a safer route

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%

Copyright Mettis Link News

Posted on: 2019-07-30T11:47:00+05:00

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