Earnings Report: Wyeth Pakistan Ltd. (PSX: WYETH) today reported Financial Results for Nine months ended June 30, 2017
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MG News | September 26, 2017 at 02:50 PM GMT+05:00
Wyeth Pakistan Ltd. announced Financial Results for the period ended June 30, 2017.
The company reported a decrease of 16% in Net Sales for the period ended June, 30 2017, whereas reported loss from continuing operations.
The company reported a Loss per share of Rs1.89.
The board has recommended a final Cash Dividend for the year ended June 30, 2017 @ a rate of 300% amounting to Rs. 300/share. The board issued no bonus or right shares.
Comparison of Key Financials
| Unconsolidated Profit and Loss Account - For Nine Months Ended | |||
| Key Financials | August, 2017 | August, 2016 | % Change |
| Amounts in PKR ‘000 | |||
| CONTINUING OPERATIONS | |||
| Net Sales | 865,403 | 1,023,389 | -15.44% |
| Cost of Sales | 679,955 | 833,724 | -18.44% |
| Gross Profit | 185,448 | 189,665 | -2.22% |
| Selling, Marketing and Dist: Expenses | 132,552 | 121,080 | 9.47% |
| Admin: Expenses | 63,767 | 53,291 | 19.66% |
| Other Income | 13,475 | 12,441 | 8.31% |
| Other Expenses | 269 | 2,499 | -89.24% |
| Finance Cost | 774 | 444 | 74.32% |
| Profit/(Loss) before Taxation | 1,561 | 24,792 | -93.70% |
| Taxation | 4,250 | 20,940 | -79.70% |
| (Loss)/PAT from Continuing Operations | (2,689) | 3,852 |
|
| DISCONTINUED OPERATIONS | |||
| Profit for the Period | 793,491 | 96,871 | 719.12% |
| EPS - Basic and diluted | 558.16 | 68.14 | 719.14% |
| (Loss)/EPS per share - basic and diluted - Continuing Operations | (1.89) | (2.71) |
|
Company release on Earnings Report can be accessed here.
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