Otsuka Pakistan announced Financial Results for the period ended June 30, 2017.
The company’s Net Sales for the period increased by 18 percent in the outgoing year, whereas the company suffered losses during the aforementioned period.
The board did not recommend any interim Cash Dividend, bonus or right shares.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Twelve Months Ended
Key Financials
2017
2016
% Change
Amounts in PKR
Net Sales
1,829,624
1,550,709
17.99%
Cost of Sales
1,329,751
1,282,074
3.72%
Gross Profit
499,873
268,635
86.08%
Selling & Dist: Expenses
205,753
182,898
12.50%
Admin: & General Expenses
84,562
74,109
14.10%
Other income
78,804
41,165
91.43%
Other expenses
46,153
141,287
-67.33%
Operating Profit/ (loss)
242,209
(88,494)
Finance Cost
46,035
64,983
-29.16%
Profit/(loss) for the year before taxation
(196,174)
(153,477)
Taxation – net
86,423
41,300
109.26%
Profit/(loss) for the year after taxation
(109,751)
(112,177)
Earnings/(loss) per share
9.98
(10.20)
Company release on Earnings Report can be accessed here.