Earnings Report: Wyeth Pakistan Ltd. (PSX: WYETH) today reported Financial Results for Nine months ended June 30, 2017

MG News | September 26, 2017 at 02:50 PM GMT+05:00

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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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