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Earnings report: Pakistan Tobacco Company

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Pakistan Tobacco Company (PTC) reported its financial statements for the half year ending June 30th 2018.

These results were finalized at the company’s Board of Directors meeting, held on July 23rd 2018.

Compared to the 6 months ending in 2017, the company’s gross turnover increased by 28% while their net turnover increased by 50%.

Gross profit went up by remarkably by 72%.

While on one hand Other Operating Expenses went up by 89%, their Other Income leapt majorly by 323%, resulting in an increase of 96% in Operating Profits.

Finance Income increased by 432% while Finance Cost decreased by 44%. Together the two resulted in an overall increase of 797% in Financial Net Income.

PTC’s Profit before Income Tax went up by 101% while the company’s profit for the period has increased by 113%

 

 

 

Posted on: 2018-07-24T10:26:00+05:00

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