Earnings Report: Phillip Morris Pakistan (PSX: PMPK) today reported Financial Results for the Three and Six months ended June 30, 2017

Phillip Morris Pakistan announced Financial Results for the period ended June 30, 2017.

The company’s Net Turnover for the period decreased by 57.37 percent in the outgoing year, whereas the company suffered losses for the period.

The board has did not recommended any cash dividend, no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Six Months Ended

Key Financials

Jan – June, 2017

Jan – Jun, 2016

% Change

Common Size 2017

 

Amounts in PKR ‘000

 

Net Turnover

4,185,515

9,817,910

-57.37%

100%

Cost of Sales

2,843,416

4,948,137

-42.54%

68%

Gross Profit

1,342,099

4,869,773

-72.44%

32%

Dist: and Marketing Expenses

1,160,981

1,556,274

-25.40%

28%

Admin: Expenses

614,563

671,119

-8.43%

15%

Other Expenses

35,094

208,438

-83.16%

1%

Other Income

55,814

46,483

20.07%

1%

Operating (loss)/Profit

(412,725)

2,480,425

 

-10%

Finance Cost & Bank Charges

65,071

281,002

-76.84%

2%

(Loss)/before Taxation

(477,796)

2,199,423

 

-11%

Taxation

14,346

654,879

-97.81%

0%

(Loss)/after Taxation

(463,450)

1,544,544

 

-11%

(Loss)/EPS – Basic & diluted

(7.53)

24.61

 

0%

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-08-25T10:55:00+05:00