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.
