Earnings for year ending June 30th 2018: Colgate - Palmolive
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MG News | July 30, 2018 at 09:53 AM GMT+05:00
In the Board of Directors meeting, held on July 27th 2018, Colgate-Palmolive Pakistan Limited (CPPL) finalized its financial statement for the year ending on June 30th 2018.
According to the report, CPPL’s YoY Turnover increased by 10.5% as compared to the year ending in June 2017, while their Net Turnover went up by 10.2%
Gross Profit for the period increased by 4.5%
The company’s Administrative Costs went up by 16.6% and its Finance Cost increased by 19.2%, while profit from other operations fell by 3.3%
CPPL managed to reduce their tax payments by 10.5%.
Items that may by reclassified to profit and loss increased by 24% while Total Items that will not be reclassified to profit and loss increased by 30.2%.
Total Comprehensive Income for the period reduced by 0.2%.
| Profit and Loss Account - For the Year Ended June 30th 2018 (Rs'000) | |||
| June 30th, 2018 | June 30th, 2017 | % Change | |
| Turnover | 41,421,811 | 37,498,961 | 10.5% |
| Sales Tax | (6,568,260) | (5,954,616) | 10.3% |
| Trade and other discounts | (2,512,618) | (2,207,620) | 13.8% |
| Net turnover | 32,340,933 | 29,336,725 | 10.2% |
| Cost of Sales | (20,850,970) | (18,344,900) | 13.7% |
| Gross profit | 11,489,963 | 10,991,825 | 4.5% |
| Selling and distribution costs | (6,392,044) | (5,803,719) | 10.1% |
| Administrative Expenses | (457,590) | (392,443) | 16.6% |
| Other expenses | (410,310) | (397,171) | 3.3% |
| Other income | 467,233 | 459,509 | 1.7% |
| Profit from operations | 4,697,252 | 4,858,001 | -3.3% |
| Finace cost and bank charges | (29,240) | (24,534) | 19.2% |
| Profit before taxation | 4,668,012 | 4,833,467 | -3.4% |
| Taxation | (1,410,957) | (1,577,045) | -10.5% |
| Profit after taxation | 3,257,055 | 3,256,422 | 0.0% |
| Other comprehensive income/(loss) for the year - net of tax | |||
| Items that may be reclassified subsequently to profit and loss | |||
| Surplus on investments categorised as 'available for sale' | 156,146 | 210,378 | -25.8% |
| Gain realised on disposal of short term investments | (161,764) | (213,997) | -24.4% |
| Impact of tax | 1,580 | 366 | 331.7% |
| Total items that may be reclassified subsequently to profit and loss | (4,038) | (3,253) | 24.1% |
| Items that will not be reclassified to profit and loss | |||
| Remeasurmenet of post retirement benefits obligation | (34,665) | (27,014) | 28.3% |
| Impact of tax | 10,398 | 8,375 | 24.2% |
| Total items that will not be reclassified to profit and loss | (24,267) | (18,639) | 30.2% |
| (28,305) | (21,892) | 29.3% | |
| Total comprehensive income for the year. | 3,228,750 | 3,234,530 | -0.2% |
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