Gillette Pakistan reports losses for Q1FY18 worth Rs. 42.07 million
MG News | October 26, 2017 at 01:51 PM GMT+05:00
- Gillette Pakistan sales for the period increased by 12.67%, amounting to a total of 464 million Rupees during the quarter ended September, 30th 2017
- Company’s Gross Profit decreased by 18.42% owing to an increase in 28.5% in cost of sales
- The company reported a loss of 42 million, against 24 million profits from same quarter last year
- The company’s earnings per share fell to -2.19 rupees in the last three months vs 1.29 in same quarter during 2016
| Unconsolidated Profit and Loss Account - For the Three Months Ended, September 30th 2017 | |||
|---|---|---|---|
| Key Financials | 2017 | 2016 | % Change |
| Amounts in PKR` 000 | |||
| Sales - net | 464,248 | 412,055 | 12.67% |
| Cost of Goods Sold | 350,751 | 272,933 | 28.51% |
| Gross Profit | 113,497 | 139,122 | -18.42% |
| Other income | 1,152 | 3,076 | -62.55% |
| Selling, marketing and distribution expenses | 111,188 | 78,799 | 41.10% |
| Administrative expenses | 11,600 | 12,949 | -10.42% |
| Other operating expenses | 13,600 | 3,967 | 242.83% |
| Bank charges | 215 | 6 | 3483.33% |
| Profit/(Loss) before tax | (21,954) | 46,477 |
|
| Taxation | 20,063 | 21,728 | -7.66% |
| Profit/(Loss) after tax | (42,017) | 24,749 |
|
| EPS - basic and diluted | (2.19) | 1.29 |
|
Company release on Earnings Report can be accessed here.
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