Earnings Report: Abbot Laboratories (PSX: ABOT) today reported Financial Results for the three and six months ended June 30, 2017

MG News | August 21, 2017 at 02:10 PM GMT+05:00

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Abbot Laboratories announced Financial Results for the period ended June 30, 2017.

The company’s Net Sales for the period increased by 10 percent in the outgoing year, whereas the Profit after Taxation for the Period decreased by 1 percent.

Gross Profit increased by 5 percent.

Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Six Months Ended
Key Financials	Jan - June, 2017	Jan - Jun, 2016	% Change
	Amounts in PKR ‘000
Net Sales	12,057,546	10,966,427	10%
Domestic	11,377,105	10,363,552	10%
Export	680,441	602,875	13%
CoGS	7,510,737	6,639,710	13%
Gross Profit	4,546,809	4,326,717	5%
Selling and Dist: Expenses	1,844,256	1,631,905	13%
Admin: Expenses	208,714	210,745	-1%
Other charges	275,557	213,334	29%
Other income	231,007	221,848	4%
Finance cost	4,667	2,621	78%
Profit before Taxation	2,444,622	2,489,960	-2%
Taxation	766,656	789,138	-3%
Net PAT	1,677,966	1,700,822	-1%
EPS - Basic and diluted	17.14	17.37	-1%

Company release on Earnings Report can be accessed here.

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