Gillette Pakistan Ltd. reports losses at Rs. 234.485 million

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 30th 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.

Posted on: 2018-04-23T12:07:00+05:00