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.
