Earnings for year ending June 30th 2018: Colgate - Palmolive

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By MG News | July 30, 2018 at 09:53 AM GMT+05:00

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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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