Earnings Report: Packages Ltd. (PSX: PKGS) today reported financial results for the three and six months ended June 30, 2017
MG News | August 21, 2017 at 03:14 PM GMT+05:00
Packages Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Net Sales for the period increased by 3 percent in the outgoing year, whereas the Profit after Taxation for the Period decreased by 0.30 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 | |||
| Local Sales | 10,415,989 | 10,038,750 | 4% |
| Export Sales | 11,376 | 13,348 | -15% |
| Gross Sales | 10,427,365 | 10,052,098 | 4% |
| Less: Sales tax and excise duty Commission | 1,600,481 | 1,461,159 | 10% |
| Net Sales | 8,826,884 | 8,590,939 | 3% |
| Cost of Sales | 7,017,868 | 6,496,262 | 8% |
| Gross Profit | 1,809,016 | 2,094,677 | -14% |
| Admin: Expenses | 543,846 | 450,029 | 21% |
| Dist: and Marketing Expenses | 584,099 | 479,308 | 22% |
| Other expenses | 266,479 | 298,883 | -11% |
| Other income | 106,186 | 137,740 | -23% |
| Profit from Operations | 520,778 | 1,004,197 | -48% |
| Finance costs | 226,462 | 281,563 | -20% |
| Investment income | 3,549,831 | 3,126,705 | 14% |
| Profit before Taxation | 3,844,147 | 3,849,339 | 0% |
| Taxation | 724,013 | 719,872 | 1% |
| Profit after Taxation | 3,120,134 | 3,129,467 | -0.30% |
| Basic EPS | 34.41 | 35.15 | -2% |
| Diluted EPS | 32.63 | 30.54 | 7% |
Company release on Earnings Report can be accessed here.
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