Gillette Pakistan Ltd. reports losses at Rs. 234.485 million
By MG News | April 23, 2018 at 12:07 PM GMT+05:00
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.
| 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.
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