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

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.

Posted on: 2017-09-26T14:50:00+05:00