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

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 27^th 2018, Colgate-Palmolive Pakistan Limited (CPPL) finalized its financial statement for the year ending on June 30^th 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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