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.