Gillette Pakistan Ltd. reports losses at Rs. 234.485 million

MG News | April 23, 2018 at 12:07 PM GMT+05:00

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Gillette Pakistan Limited (GLPL) today announced financial results for the nine months period ending 31 March, 2018 reporting Sales – Net earned worth Rs. 1.403 billion. Furthermore, the company’s Gross Profit after subtracting Cost of Goods sold during the outgoing nine months fell by 41.37 percent to reach 207.567 billion.

On the expenses front, Gillette Pakistan reported a mammoth 3815.72 percent increase in other operating expenses in addition to a 43064 percent in Bank Charges the outgoing nine months.

Gillette Pakistan reported losses worth at Rs. 234.485 million from 17.980 million last year translating into an EPS of Rs. -12.261 vs. an EPS of Rs 0.94 during the nine months ending March, 2017.

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Nine Months Ended, March 30^th 2018
Key Financials	March, 2018	March, 2017	% Change
	Amounts in PKR’ 000
Sales Net	1,403,733	1,423,635	-1.40%
Cost of Goods Sold	1,196,166	1,068,983	11.90%
Gross Profit	207,567	354,052	-41.37%
Selling, Marketing and Distribution Expenses	251,404	253,719	-0.91%
Administrative expenses	22,629	24,981	-9.42%
Other Operating Expenses	78,706	2,010	3815.72%
Bank Charges	6,043	14	43064.29%
Other Income	1,463	11,482	-87.26%
(Loss)/Profit before Tax	(146,752)	85,410
Income Tax Expenses	84,733	67,430	25.66%
(Loss)/Profit after Tax	(234,485)	17,980
(Loss)/Earning per share - Basic and Diluted	(12.21)	0.94

Company release on Earnings Report can be accessed here.

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