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HomeEquityEarnings Report: Abbot Laboratories (PSX: ABOT) today reported Financial Results for the...

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

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.

Posted on: 2017-08-21T14:10:00+05:00
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